IBM to lay off 1,500 in semiconductor business

Armonk, NY – IBM Corp. will lay off 1,500, or 7.5% of its 20,000 employees in its semiconductor business.

The layoffs had been widely expected as the business has been losing money in the worldwide semiconductor slowdown, the Associated Press reported.

An IBM spokesman said about 950 of the layoffs will be at its Burlington, VT, semiconductor plant with 200 in Fishkill, NY, and 100 in Endicott, NY. The remainder are at other facilities in the US.

The spokesman said IBM will also work to gain more business for its microelectronics operations by starting a contract electronic design services business. The new business unit will be headed by Pat Pool who will remain VP of worldwide sales and support for the technology group.

POST A COMMENT

Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

LIVE NEWS FEED

NEW PRODUCTS

Novel Wafer Analyzer for up to 300mm wafer using high speed Raman Imaging Technology
08/08/2016Nanophoton introduces RAMANdrive - a new Wafer Analyzer - for a wide range of applications at semiconductor market a...
Pfeiffer Vacuum introduces HiPace 2800 turbopump for ion implantation applications
07/06/2016Pfeiffer Vacuum has introduced the HiPace 2800 IT turbopump that is designed for ion implantation applications....
NanoFocus AG introduces new inspection system for semiconductors industry
05/31/2016NanoFocus AG, the developer and manufacturer of optical 3D surface measuring technology, introduces the new measuring system µ...