Contract manufacturer Celestica cutting jobs in San Jose, Fremont - Silicon Valley Business Journal

Österreich Nachrichten Nachrichten

Contract manufacturer Celestica cutting jobs in San Jose, Fremont - Silicon Valley Business Journal
Österreich Neuesten Nachrichten,Österreich Schlagzeilen
  • 📰 svbizjournal
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 59%

Celestica joins Intel, Synopsys and others in cutting Silicon Valley staff.

Celestica Inc., which provides contract manufacturing and design consulting services, is laying off 44 workers in Silicon Valley.

The cuts will be spread across the company's facilities in Fremont and San Jose, Mansi Shukla, a human resources manager with Celestica, told state employment officials earlier this month. The Toronto-based company notified workers Jan. 16 that it intends to begin laying off employees March 20, Shukla said in a pair of letters made public Tuesday.

While Celestica doesn't plan to close any of its facilities as part of the layoffs, the job cuts will be permanent, she said.As part of its workforce reductions, Celestica is letting go:13 who work at 49235 Milmont Dr. in FremontAmong those the company is laying off are 16 machinists, six machine operators and four production operators, according to the numbers Shukla sent to the state Employment Development Department.

News of the layoffs comes less than a week after Celestica reported its fourth-quarter results. In the period, the company earned $42.4 million, or 35 cents a share, on $2 billion in sales. In the same period a year earlier, the company posted a profit of $31.9 million, or 26 cents a share on sales of $1.5 billion.

Celestica is only the latest company to cut staff in Silicon Valley. Last week, chip design company Synopsys Inc.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

svbizjournal /  🏆 334. in US

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

'They fire, we hire' - Germany seizes on Silicon Valley's woes'They fire, we hire' - Germany seizes on Silicon Valley's woesFaced with a tight labour market and a shortage of workers with key software engineering skills, some German companies are looking at thousands of layoffs in Silicon Valley as an opportunity to recruit top talent.
Weiterlesen »

UK pulls plug on top tech incubator after setting out to become 'world’s next Silicon Valley'UK pulls plug on top tech incubator after setting out to become 'world’s next Silicon Valley'The U.K. government diverted grant funding for the program to the startup incubation arm of Barclays Bank.
Weiterlesen »

Capitola businesses damaged by storms seek emergency FEMA aid, GoFundMe while rethinking flood insurance - Silicon Valley Business JournalCapitola businesses damaged by storms seek emergency FEMA aid, GoFundMe while rethinking flood insurance - Silicon Valley Business JournalSmall business owners throughout Capitola are now left picking up the pieces after winter storms ripped through the Bay Area.
Weiterlesen »

Retired Air Force Intel Boss Caught With Hundreds of Top Secret Docs at HomeRetired Air Force Intel Boss Caught With Hundreds of Top Secret Docs at HomeRetired Lt. Col. Robert Birchum had materials that could potentially cause “exceptionally grave damage” to national security, federal investigators allege.
Weiterlesen »

Intel Reveals Putin on Thin Ice in Panicked Hunt for More TroopsIntel Reveals Putin on Thin Ice in Panicked Hunt for More TroopsA new intelligence report shows Russia is scrambling for new ways to boost military numbers without kicking off domestic backlash.
Weiterlesen »

Air Force intel officer cops to stashing hundreds of top secret docs at homeAir Force intel officer cops to stashing hundreds of top secret docs at homeRetired Lt. Col. Robert Birchum admitted to “willfully” keeping top secret documents on a thumb drive and computer in his Tampa, Fla. home, a federal plea agreement reveals.
Weiterlesen »



Render Time: 2025-03-13 08:08:42