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 makers like TSMC and Samsung have cut back on their purchases of capitol equipment for their new fabs. Chip sales are down too.
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The OP makes a good point, sales are down and so is the chip industry as a whole. That means layoffs. The other 3 clowns that posted are just clueless id--ts.
Tough break. Hahahaha
Hey @VTv74cW-3jjs , you must be yet another former employee. Join the crowd.
That's awful news. Ahahahahaha!