Chip gear vendor Lam Research Corp. will eliminate 375 jobs, or 10 percent of the company’s workforce, as a cost-cutting measure, the company said Thursday (March 19).
In a regulatory filing with the U.S. Securities and Exchange Commission, Lam said approximately 225 of the 375 jobs being eliminated are located in North America. The remainder of the jobs are based throughout Asia and Europe, Lam (Fremont, Calif.) said. The company said it expects the job reductions to be largely completed by the June quarter. (EE Times)
