Any word on layoffs in Greensboro? Heard they are having a hiring freeze.
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Think of it. It makes sense to have a hiring freeze. Company is closing a plant. Business is down across most plants with major losses in SAW over the past few years, legacy phones not being allowed for sale in China and parts of Europe, and a major customer of 5G being removed from bid lists for many companies. You don't need as many GaAs for PAs and GaN cannabalizes some need for GaAs. Add all that in with having 2 GaAs factories not full. If people are needed wouldn't it also make sense to offer transfers to people from Apopka they wish to save.
b---s---. Source?
Yes. End of fiscal year.