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Stock Market & Financial Investment News

News Breaks
October 25, 2012
18:20 EDTKLACKLA-Tencor maintains a "conservative view" of memory spend in 2013
News For KLAC From The Last 14 Days
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June 26, 2015
06:38 EDTKLACKLA-Tencor backs Q4 non-GAAP EPS 78c-$1.02, consensus 91c
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06:37 EDTKLACKLA-Tencor to recognize $26M-$36M in costs related to workforce reduction
KLA-Tencor currently estimates that, in connection with the global employee workforce reduction plan, it will recognize net charges in the range of approximately $26M-$36M for estimated severance costs and other related costs. Substantially all of these net charges are expected to be cash expenditures. The company expects to recognize a majority of these charges in the fourth quarter of fiscal year 2015. On April 23, 2015, the company announced a plan to reduce its global employee workforce by up to 10% to streamline its organization and business processes in response to changing customer requirements in its industry. The goal of this reduction is to enable continued innovation and direct the companys resources toward its best opportunities. The company expects to substantially complete the employee reduction by the end of the first quarter of fiscal year 2016, but certain reductions will occur in the second quarter of fiscal year 2016.

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