AM I NEXT? NO LOVE AT DAKTRONICS

Brookings, South Dakota-based Daktronics, a maker of large video and LED display and messaging displays, has announced that it will be reducing its headcount in anticipation of a continuing market downturn associated with the COVID-19 pandemic. Approximately 100 employees will be impacted by the layoffs.

According to a company spokesperson, "We now foresee a more prolonged downturn and we felt a longer-term solution was necessary."

"During the first quarter of fiscal 2021, our customers reduced their spending on audio-visual systems as they worked through the economic and business implications of COVID-19. We took corresponding action to reduce our operating expenses to align with expected order and sales declines. We regret the impact this has on them and their families."

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? IS THE HANDWRITING ON THE WALL AT ANALOG DEVICES AND MAXIM INTEGRATED? (12/14/23)

DECEMBER 14, 2023 — 111 SAN JOSE WORKERS

The company has announced that 111 employees at its Rio Robles office complex in San Jose, California will lose their jobs between January 12, 2024, and February 2, 2024.

MAY 1, 2022 — 61 LAYOFFS IN MILPITAS, CALIFORNIA

The company has announced that it will be consolidating its Silicon Valley operations in San Jose, California. This includes plans to lay off 61 employees in Milpitas toward the end of June, sellings its Milpitas chipmaking facility, and subleasing its space in two Santa Clara, California office locations.

According to a company spokesperson, "Analog Devices is co-locating employees from various California sites to our larger, vibrant campus in San Jose which will support the expansion of future needs. We evaluate the current needs of our business and made the difficult decision to close positions for a small number of employees."

JANUARY 20, 2021 — MILPITAS, CALIFORNIA FACILITY TO BE CLOSED, 255 LAYOFFS

The company announced that it is shuttering its Milpitas, California facility and laying off 255 employees. The facility was acquired in 2016 as part of the $14.8 billion Linear Technology acquisition. The effective date is February 19, 2021.

It is unknown at this time whether this is preparation for the closure of the Maxim acquisition in Summer 2021.

According to a company spokesperson, “Changing business needs require us to close this facility permanently.”

JULY 15, 2020 — Original post…

Norwood, Massachusetts-based Analog Devices, a major semiconductor manufacturer, appears to be exploring the purchase of San Jose, California-based Maxim Integrated, an integrated chip designer and manufacturer for approximately $21 billion.

Most semiconductor companies are seeking to scale their operations and widen their product lines to prepare for a growing market for IoT (Internet of Things) devices.

At-risk are employees who are associated with programs that will be discontinued as well as those whose positions are associated with duplicative departments and functions that are targeted for synergistic cost savings that help justify the sales price and assist in paying for the purchase.

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?

AM I NEXT? NO LOVE AT ON SEMICONDUCTOR CORPORATION

MARCH 7, 2021 — ROUND TWO: ANOTHER 740 LAYOFFS COMPANY-WIDE

The company has announced that it plans to layoff an additional 740 employees across the enterprise in the first half of 2021.

In an 8-K filing with the Securities and Exchange Commission, the company declared…

“On March 4, 2021, as part of its ongoing efforts to realign its investments to focus on growth drivers and key markets and streamline its operations, ON Semiconductor Corporation plans to implement certain employee terminations during the first half of 2021. The Employment Separations will impact approximately 740 of the Company’s and its subsidiaries’ employees globally.”

“ The Company plans to reinvest a substantial portion of the savings generated from the Employment Separations into its continuing workforce and certain business initiatives and opportunities. The Company intends to continue to evaluate measures to realign its investments to achieve the Company’s strategic and transformational goals.”

APRIL 17, 2020 — Original post…

Phoenix, Arizona-based ON Semiconductor, a manufacturer and supplier of semiconductor chips for commercial, industrial, and military applications, has announced that it was undertaking a restructuring effort which includes laying off 475 employees as part of a cost-cutting program.

According to a company spokesperson…

"As previously disclosed on March 6, 2020, ON Semiconductor Corporation has been in the process of undertaking certain restructuring measures to realign its investments. The Company believes that these restructuring measures should enable it to optimize its cost structure and accelerate its progress towards its target financial model. These targeted cost reductions are structural in nature and are not expected to impact the Company’s ability to respond to a significant recovery in demand.

On April 3, 2020, as part of these ongoing efforts to reduce costs, the Company determined to implement certain employee terminations during the first half of 2020. The Employment Separations will impact approximately 475 of the Company’s employees who are located in the Company’s corporate headquarters and in other locations where the Company has operations. The Company is continuing to evaluate and implement additional measures that would be expected to result in further cost savings. “

Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?