Posted by Jack Davis on December 9th, 2008 at 2:45 pm | Categorized as Economic slowdown, Layoffs, Mattson Technology, Novellus Systems, Semiconductor industry | Tagged as Economic slowdown, Layoffs, Mattson Technology, Novellus Systems, Semiconductor industry
Mattson Technology of Fremont is the latest chip-equipment maker to announce layoffs as it begins a “reorganization of its structure to reflect changes in anticipated levels of business,” according to a filing it made today after the markets closed. (Earlier Tuesday Novellus Systems said it had decided to cut 10 percent of its staff as it lowered profits forecast for the second time in three weeks.)
Mattson said it will “reduce approximately Read the rest of this entry »
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Posted by Jack Davis on October 22nd, 2008 at 6:57 pm | Categorized as Economic slowdown, Mattson Technology | Tagged as Earnings miss, Economic slowdown, Mattson Technology
Mattson Technology, the Fremont maker of chip-making equipment that said last month it was eliminating about 80 jobs, or 14 percent of its work force citing “a protracted downturn” in the industry, released actual results for its third quarter Wednesday, and they weren’t pretty.
Sales fell 28 percent from the previous quarter to $30 million, and that was down Read the rest of this entry »
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Posted by Jack Davis on September 10th, 2008 at 3:16 pm | Categorized as Layoffs, Mattson Technology | Tagged as Layoffs, Mattson Technology
Citing a “protracted downturn” affecting the wafer fabrication equipment market due to “oversupply conditions in the memory segment” that has been “exacerbated by macro-economic conditions”, Mattson Technology Chief Executive David Dutton said Wednesday the company would eliminate about 80 positions, or about 14 percent of its global workforce as part of a “cost alignment plan” it has adopted.
About half the cuts will come from Read the rest of this entry »
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