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Tech Industry

Short: Genus to cut 11 percent of workforce

Genus of Sunnyvale, California, said it plans to cut 39 workers, or 11 percent of its workforce. It expects to take a charge of $3 million to $4 million, or 18 to 24 cents a share, during the third quarter to cover severance costs and other related charges. Genus makes equipment used in semiconductors.

Genus of Sunnyvale, California, said it plans to cut 39 workers, or 11 percent of its workforce. It expects to take a charge of $3 million to $4 million, or 18 to 24 cents a share, during the third quarter to cover severance costs and other related charges. Genus makes equipment used in semiconductors.