KLA-Tencor, TiVo Announce Layoffs as Tech Sector Shrivels
Digital video recording pioneer TiVo and microchip-equipment maker KLA-Tencor on Tuesday became the latest in a growing list Silicon Valley companies to shed jobs. KLA-Tencor said it would cut its workforce by 15 percent, or around 900 jobs, as it moves to weather the economic downturn. TiVo said in a regulatory filing that it will cut an unspecified number of positions in a move to reduce expenses. A company spokesperson declined to comment further.
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KLA-Tencor, TiVo Announce Layoffs as Tech Sector Shrivels
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