90 Lam workers were let go in Jun/July 2023 in Tualatin OR.
12 people laid off from one of their suppliers also in Oregon.
7 replies (most recent on top)
Will we see more layoffs in Jun/July 2025? Sure, feels like it!
if the business does not recover in 2024, there will be another major layoff.
QMar'21 revenue was $3.8B with headcount of 13,100 versus QJun'23 revenue was $3.2B with headcount of 17,400. There is no growth in the remainder of 2023. All the customers are not doing well except China is building new fabs. IT remains to be seen how much AI demand will help.
which group(s)
they announced to the EDD about more layoffs coming on or around 7/26/23
is it true?
Its not just in OR. Google it. Basically cuts seem to continue through the rest of the year despite the talking points.
The company said it intends to cut 155 jobs in Livermore and six in Fremont according to documents the company filed with to state Employment Development Department (EDD).
what departments