Do you know what's going on right now and how much does Apollo plans to cut over next six months. I know that there were cuts in the past but I wanted to see if Lumileds plans to continue cutting resources and to free up the cash flow because that's what Apollo needs in order to continue.
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I was laid off March 28. There were eight of us, three in the field, five at HQ. After the Philips stock buy back in June, a number of others left and took jobs with competitors. If you work in illumination, be careful as it is the only not profitable business unit. Apollo is about profitability, not investing in illumination to keep pace with Nichea, Samsung and Seoul Semi. Looks like Osram is the only LED company investing in people.