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Tag Archives: LED brands

319 contractual workers of Cree to be laid off

319 contractual workers of Cree to be laid off

January 27, 2015: Raleigh-based Greene Resources, a recruiting organization will lay off 319 of its staffers who are presently working on a contract basis for LED lighting company Cree. Greene informed the state Department of Commerce that 287 of these employees will be laid off on February 2, and the rest of the staff members will be laid off on ...

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Cree estimates double digit decline in LED sales in Q2 2015

Cree estimates double digit decline in LED sales in Q2 2015

January 16, 2015: LED manufacturer Cree will release its quarter 2 2015 revenue report on January 20. In quarter 1 2015, Cree?s LED segment margins reduced to 39% from 46.6% in quarter 1 2014. This, the company claims, has been driven mainly due to weaker LED demand, which in turn, led to higher revenue reserves to indicate aggressive LED pricing ...

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