KLA-Tencor to Cut 10% of Jobs

KLA-Tencor Corp., the second- largest U.S. maker of semiconductor equipment, plans to cut about 10 percent of its global workforce as customers pare back orders.

The cuts, on top of a 15 percent reduction announced in November, are aimed at lowering operating costs to between $140 million and $145 million a quarter by the end of the year, the San Jose, California-based company said today in a statement. KLA-Tencor has 5,500 employees, spokeswoman Meggan Powers said today.