Lattice Semiconductor Cuts Jobs as Profit and Sales Slump

Investopedia11-06

Key Takeaways Lattice 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 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481633467?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/nhEwMT4bwDBytyq90iJvmWtE8CE=/4500x3375/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2180870747-e382c0da25e94c57acb29366d1f7cbf3.jpg","is_english":true,"pubTime":"2024-11-06 00:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481633467","market":"hk","top_or_hot":-1,"title":"Lattice Semiconductor Cuts Jobs as Profit and Sales Slump","media":"Investopedia","content":"<div>\n<p>Key Takeaways\nLattice 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 ...</p>\n\n<a href=\"https://www.investopedia.com/lattice-semiconductor-cuts-jobs-as-profit-and-sales-slump-8739777\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lattice Semiconductor Cuts Jobs as Profit and Sales Slump</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLattice Semiconductor Cuts Jobs as Profit and Sales Slump\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 00:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/lattice-semiconductor-cuts-jobs-as-profit-and-sales-slump-8739777><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nLattice 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 ...</p>\n\n<a href=\"https://www.investopedia.com/lattice-semiconductor-cuts-jobs-as-profit-and-sales-slump-8739777\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LSCC","symbol_name":"莱迪思半导体","start_time":0,"source_url":"https://www.investopedia.com/lattice-semiconductor-cuts-jobs-as-profit-and-sales-slump-8739777","article_id":"2481633467","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/nhEwMT4bwDBytyq90iJvmWtE8CE=/4500x3375/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2180870747-e382c0da25e94c57acb29366d1f7cbf3.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481633467","pubTimestamp":1730823378,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Lattice 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  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  of 5 cents, down from 39 cents a year ago and below analysts' estimates compiled by Visible Alpha. Revenue sank 33.9% to $127.1 million, roughly in line with forecasts.Lattice said the results were impacted by a one-time charge of $6.5 million related to moves meant to drive down spending. Those actions will lead to a 14% reduction in its workforce, or about 160 positions, and a 14% decline in non-headcount operating expenses, the company said.Lattice said it expects lowering its operating costs “will help","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LSCC":"莱迪思半导体"},"translate_title":"莱迪思半导体因利润和销售额下滑而裁员","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LSCC":1},"content_text":"Key Takeaways\nLattice 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.\"\n Lattice Semiconductor (LSCC) shares slid in early trading Tuesday after the company missed profit estimates and said it would slash jobs to cut costs.\n\n\n The maker of industrial and automotive chips reported third-quarter earnings per share (EPS) of 5 cents, down from 39 cents a year ago and below analysts' estimates compiled by Visible Alpha. Revenue sank 33.9% to $127.1 million, roughly in line with forecasts.\n\n\n  Lattice To Cut 14% of Its Jobs  \n Lattice said the results were impacted by a one-time charge of $6.5 million related to moves meant to drive down spending. Those actions will lead to a 14% reduction in its workforce, or about 160 positions, and a 14% decline in non-headcount operating expenses, the company said.\n\n\n Lattice said it expects lowering its operating costs “will help drive annual earnings expansion in the low double-digit range in 2025.”\n\n\n CEO Ford Tamer said the company does not expect additional cuts will be needed, though he warned Lattice could face “continued near-term industry headwinds.”\n\n\n Shares of Lattice were down 3% to $50.40 in early trading Tuesday, and have lost more than one-quarter of their value since this start of the year.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481633467"}