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KLA-Tencor to slash 10% of workforce

Apr. 24, 2015 6:52 AM ETKLA Corporation (KLAC) StockKLACBy: Yoel Minkoff, SA News Editor
  • KLA-Tencor (NASDAQ:KLAC) is planning to cut about 10% of its workforce by the end of the first quarter as part of a realignment that includes scaling back its investment in extreme ultraviolet lithography.
  • The announcement comes after the company reported lower profits but better-than-expected results for the third quarter.
  • FQ3 results
  • KLAC +0.3% premarket.

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