SiliconBeat

The management at Altera, the San Jose maker of programmable chips, “committed” today to cutting 87 jobs from its 2,700 person workforce, or about 3 percent of its staff. The cuts, expected to be mostly completed this quarter, are a result of Altera’s efforts “to lower its cost structure.” It will be the second round of job cuts this year following the company’s decision Read the rest of this entry »

Altera, the San Jose maker of analog chips, announced today that it will incur about $6 million in restructuring-related charges, including $3.5 million in employee termination payments connected with the cutting of 33 positions, or a little over 1 percent of its work force. The per-job-cut rate for those terminations works out to $106,061 each.

Charges related to the termination of Read the rest of this entry »