Semiconductor equipment manufacturer KLA-Tencor will be trimming its workforce by 15% in response to “current market conditions.” In a statement, KLA’s CEO — Rick Wallace — had this to say:

“We will continue to monitor the demand environment and make the necessary adjustments to weather this downturn, help optimize our profitability, maintain our strategic focus and strengthen our competitive position.”

Nice attitude, Rick. What are a few hundred measly employees when it comes to “optimizing your profitability?”

[Barron's] KLA-Tencor Cutting Workforce By 15%