Topics regarding layoffs at Lumileds

Topics regarding layoffs at Lumileds

More cuts coming

business is not picking up as forecast by our crack management team. Lumileds cannot pay it's huge debt load ( Thanks A--holes at APO) so more cuts in headcount coming soon. Morale hitting new lows.

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Post ID:  @OP+ZGQwgnr

Layoffs in next two weeks

Layoffs are expected before April 19th bonus payoff. Numbers of 15-20% cuts are expected. The planning for this has been in the works for quite some time . Previous CEO changed ranking system to allow 5% of staff to be laid off yearly. New CEO knew... —  read more 

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Post ID:  @OP+YdyOijc

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