SAN JOSE, Calif. -- More rumors at Applied Materials Inc.: The fab tool giant is expected to have a layoff between May 10 to May 12, according to sources.
The layoff will involve an undisclosed number of employees in the solar and other groups around the company, sources said. There will be layoffs almost once a month over the summer, sources said. All cutbacks will be in the United States.
For some time, Applied has been reducing its headcount.
The last layoff was small and happened at the end of March, sources said.
Applied declined to comment on the possible reports of layoffs.
There are other rumors at Applied. As recently reported, The clock is ticking for Applied's SunFab solar unit.
Applied has given its SunFab solar unit a deadline to meet certain targets by July--or the company will cut its funding, according to sources. At that point or beyond, Applied may pull the plug on SunFab, sources said. Applied itself said the SunFab unit must stand on its own.