Tektronix lays off 150
Portland Business Journal
The high-tech sector took another hit Monday when Tektronix Inc. laid off 150 employees.
The company, formerly Oregon’s largest homegrown tech company, was sold to Washington, D.C.-based Danaher Corp. (NYSE: DHR) last November for $2.8 billion.
When Tektronix filed its last annual report with the Securities and Exchange Commission in July 2007, the company had 4,541 employees. The company did not break out the number of local employees.
When the company was sold last year, Danaher said it anticipated cutting costs after closing the deal.
“In an effort to stay competitive and ensure we’re making investments in areas where we have the highest potential for growth, we are required to make adjustments to our business,” the company said in a statement late Monday. “These reductions again reflect the need for Tektronix to remain competitive in today’s market and also reflect our preparation for a more challenging economy in 2009.”
The company will provide career assistance, severance pay and medical benefits for affected employees.
The Business Journal reported in August that layoffs were expected at Tektronix.
Layoffs have been snowballing in Portland and other Oregon cities. Internet technology startup Vidoop laid off nine of its 37 employees Monday.
Jive Software Inc., a prominent Portland technology startup, recently laid off as many as a third of its reported 175 employees.
Hewlett-Packard Co. is in the process of shedding an estimated 300 people from its Corvallis plant. Tektronix Inc., which was bought by Washington, D.C.-based Danaher Corp. last year, has shed about 500 people, with an estimated 220 from its Beaverton headquarters.
Hynix Semiconductor closed its Eugene plant, laying off 1,400. Xerox Corp., which has a manufacturing plant in Wilsonville, said it will cut 5 percent of its total work force, meaning that 80 people could be laid off in Wilsonville.
Qwest Communications International Inc., based in Denver, Colo., said last month it is laying off 101 people in Oregon. The telecom company said it will lay off 1,200 of its 34,656 workers by the end of this year.
Electro Scientific Industries Inc., which has its headquarters in Portland, said it was cutting 42 people out of 743 worldwide. Reportedly 24 or so of these cuts are local.
Qsent Inc., which was purchased two years ago by TransUnion, is reducing its payroll from 60 people in Beaverton to fewer than 15.
Lattice Semiconductor said in September it will cut 14 percent of its employees, for a total of 125 worldwide. Twenty are being laid off from the Hillsboro headquarters.
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