Thread regarding Cree Inc. layoffs

Yes - Layoff's today

Second quarter results announced Tuesday evening were pretty dire. Lots of blame on the failed Wolfspeed deal. The President of sales is whipping the place together and bringing in thne talent to teach everyone how it should be done.

Who has been let go is not clear yet, buty its across the board from office staff, marketing folks to VP's and DIrectors. Both Durham and Racine are affected.

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Sorry to hear that. Can someone share any additional info?

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