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Applied Materials to Cut Jobs
Nov 5, 2002
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Applied Materials Inc., a Santa Clara, CA, U.S. semiconductor machinery maker, said it will reduce its global workforce by about 1,750 positions, or 11 percent, as the semiconductor industry remains sluggish. The company will record a charge in the first quarter ending Jan 26. Employees will be notified beginning Wednesday, Applied Materials said. (Business Wire, Bloomberg News)

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