Thread regarding Teradyne Inc. layoffs

Teradyne Inc

Teradyne Inc. of North Reading is cutting 532 of its 3,800 employees worldwide, and imposing a 10 percent pay cut on the rest.http://www.boston.com/business/technology/articles/2009/01/30/teradyne_will_shed_532_jobs_and_cut_workers_pay/ Teradyne employs 1,055 people in Massachusetts, but the company did not say how many local workers will be cut.

GALLERY Recent major layoffs in Massachusetts Teradyne, the world's leading maker of equipment for testing microchips, doesn't sell its complex, costly products in stores. Instead, they're purchased by major electronics firms around the globe. But the decline in consumer electronics sales that has forced retailers such as Circuit City and Tweeter out of business has also led to production cuts at chip makers like Intel Corp. and Advanced Micro Devices Inc. That means a lot fewer orders for the kind of chip manufacturing gear sold by Teradyne.

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