Monday, March 23, 2009

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Lam Research cuts 375 jobs

Lam Research is getting rid of approximately 375 regular, temporary and contract workers, or about 10 percent of its total workforce, with roughly 225 of the employees being eliminated from locations in North America, with the rest located throughout Asia and Europe, the company said today in a regulatory filing.

The layoffs are expected to be substantially complete by the June quarter, but the timing “may vary by country based on local legal requirements.”


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