Thread regarding Lam Research Corp. layoffs

Business is really slow

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 layoff 3 months ago).

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Semiconductor industry is still on the down turn. More cutbacks at the companies that buy Lam equipment. Industry is not expected to turn around until 2020.

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