Fairchild Slashes 1,100 Jobs

Wade Roush12/15/08

Fairchild Semiconductor (NYSE: FCS) of South Portland, ME, said last week that it will cut its worldwide employee base by 1,100 jobs, or about 12 percent, as part of a restructuring plan intended to help the chipmaker weather the economic downturn. There was no word on how many of the layoffs will affect Fairchild employees in Maine, but Fairchild said the cuts would not affect its strategic R&D projects. We’ve updated the Boston Tech Layoff Tracker accordingly.

Wade Roush is Xconomy's chief correspondent and editor of Xconomy San Francisco. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @