Lattice Semiconductor Cuts Jobs as Profit and Sales Slump
Lattice Semiconductor(LSCC) Investopedia·2024-11-05 16:40Key TakeawaysLattice Semiconductor plans to cut 14% of its workforce as profit and sales slump.The chipmaker said it took a one-time $6.5 million charge as part of its cost-cutting moves.CEO Ford Tamer said the company continues to face "near-term industry headwinds." Lattice Semiconductor (LSCC) shares slid in early trading Tuesday after the company missed profit estimates and said it would slash jobs to cut costs. The maker of industrial and automotive chips reported third-quarter earnings per share (EPS) ...