I work at one of Lam's suppliers and it is starting to slow down yet again. I know that the semiconductor equipment market is in a really slow downward cycle right now and I was wondering if it will turn around soon or is it still going down?
Topics regarding layoffs at Lam Research Corp.
I just heard from a friend who works at another Lam supplier. Business is really slow. They have some work but not much. They use to have a staff of 7 engineers and now they are down to 2. Hiring freeze and possibly another layoff (they had a small... — read more
The investment community has read the technical financials on Lam Research and decided that this is a "sell". Lam is just not making enough money on their sales. This has been a bad year all around for semiconductor equipment companies. The big chip... — read more
More people were laid off today. Some contractors/temps still around, some full time employees were laid off though.
Lam Research reported that September was going to be its worse month for sales this year. According to several posts on indeed.com, Lam lost their contract with Samsung which is one of their biggest customers. The Lam stock (LRCX) has also been... — read more
Jabil, one of Lam Research's preferred suppliers just listed a layoff of over 400 people. 343 in Fremont and 92 in Livermore. Layoff to be in November and is listed on the CA Warn web page. This does not look good people.
Lam in Tualatin, Oregon reduced their headcount by 200 on 6/14. More to come. Headcount is to high. The amount of tools on the factory floor is down 60 percent since last quarter.
It is a well known fact that Lam Research's work force in production is mainly temp workers. Does anyone have any news if they are hiring or letting them go? Usually the first sign of trouble at Lam is when the temps are let go. Does anyone have any... — read more
Intel news are nothing new, Intel is planning downsizing due to restructuring. The big Intel suppliers are bound for layoffs in 2016 following Intel layoffs. In Hillsborough, Oregon and other Intel locations, people are looking for another outcome of... — read more
I worked for a supplier of Lam Research and got laid off in April 2014. The reason was that orders from Lam had been dropping. The same week I found out that Lam Research let go all of their temp workers. Temp workers do not show up as a layoff so... — read more
I was wondering if any of the temps at Lam Research have been let go in mass due to any canceled orders from Intel. Usually the temps are the first to go when Lam slows down.
Lam Research announced that their second half of 2018 will be slow. Sales are down. That means the temps will be let go (if they haven't been already) and that also means their suppliers will also be laying off. Happens every 3-4 years for the... — read more
Lam announced 3 days ago that future sales are down by 30% or more for the next 2 qtrs. That means layoffs.
The slow down at Lam is now hitting their suppliers. Lam reports that sales will NOT be picking up until next year at the earliest. The layoff took place on July 3rd. Small company but over 11 families were affected. Rumor has it that round 2 might... — read more