Agere Cuts Another 950 Employees
Agere Systems announced Wednesday that it will lay off an additional 950 employees in an attempt to cut costs.Agere Systems announced Wednesday that it will lay off an additional 950 employees in an attempt to cut costs. The maker of components for communications applications announced earlier this year that it would eliminate roughly 6,000 jobs as a result of flagging demand for semiconductors.
Wednesdays job cuts will fall in management positions covering product groups, worldwide sales, and corporate support areas. The majority of employees let go are located in New Jersey and Pennsylvania. They are expected to leave Ageres payroll over the next several months.