Thread regarding Lam Research Corp. layoffs

More Layoffs

More people were laid off today. Some contractors/temps still around, some full time employees were laid off though.

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Post ID: @OP+Ybkh2UQ

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In reply to the stock price mention in the comments below. I hope you are aware that Lam stocks are a favorite of day traders. They don't care how well a company is doing or not doing. They trade on how much a stock goes up or down in a single day. Lam stock is volatile enough to make people money by just trading on how far it swings each day.

Incidentally, Lam stock was trading over $210 a share at the end of last year, so $183 (today @ $179) is nothing to shout about.

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Post ID: @4xcc+Ybkh2UQ

Not surprised to hear this. The worldwide billings for North American-based semiconductor equipment manufacturers as reported on semi.org are down 22% from last year. The orders have been dropping like a rock for the last 6 months.

http://www1.semi.org/en/north-american-semiconductor-equipment-industry-posts-february-2019-billings

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Post ID: @4kft+Ybkh2UQ

Heard some program managers and software people got laid off

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Post ID: @1vcz+Ybkh2UQ

183.80 USD +8.06 (4.59%)

Closed: Mar 21, 5:00 PM EDT

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Post ID: @bsf+Ybkh2UQ

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