AM I NEXT? NO LOVE AT NATIONAL INSTRUMENTS (NI)

Austin, Texas-based National Instruments, a producer of automated test equipment and virtual instrumentation software, has announced a 9% reduction in force to meet the business challenges of the COVID-19 pandemic. Approximately 650 employees are impacted by the decision, including approximately 200 employees located in Austin, Texas.

NI CEO, Eric Starkloff, noted, "We have and will continue to take a broad range of actions to ignite growth. Building on our unique software position, we believe we have the opportunity to once again modernize and disrupt our industry. We remain focused on execution in the areas of our business that can drive our growth even within the constraints of an overall weaker spending environment. The actions we are taking, on both reductions and investments, are focused on achieving long-term growth.”

“Our customers have felt the economic impact created by the COVID-19 pandemic, and so have we. We now know that the global recovery will be longer and more gradual than just about anyone initially predicted.”

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 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?