Credence to cut 30% of workforce

Mutschler, Ann Steffora
January 2008
Electronic News;1/21/2008, Vol. 54 Issue 3, p15
Trade Publication
This article reports on a workforce reduction that is being planned by Milpitas, California-based semiconductor test provider Credence Systems Corp. to build on core technology strengths while simplifying operations to meet increasing opportunities in Asia-driven consumer semiconductor markets. During the fourth quarter that ended November 3, 2007, the company reported net sales of $97.7 million, down 21 percent from fiscal third-quarter net sales of $123.5 million.


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