News
News
Teradyne to Layoff 320, Take $11m Charge
Published: 11 January 2005
by Mike Buetow
BOSTON, Jan. 7 -- Teradyne Inc. will lay off 320 employees and vacate a plant in California as part of an effort to cut expenses. The company will take an $11 million charge.
In an SEC filing today, Teradyne said it would terminate approximately 320 employees from its Connection Systems and Assembly Test divisions and vacate a facility leased by the company's Assembly Test division in Poway, CA.
The restructuring is expected to be completed during this quarter.
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