Lam Research
LRCX17.0K
$307.28
▼ 1.08%
None(1.2%)
3y ago · Apr 3, 2023
15
· KY · 250 affected
Low
AI Layoff Impact Summary
AI-poweredLam Research announced layoffs 3y ago (Apr 3, 2023), affecting 200 employees (1.2% of workforce). WARN filings indicate 15 active notices. Low risk — company appears stable.
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Severance package details for the April 3rd layoff
For those of us caught up in the April 3rd reduction at the Livermore facility, I wanted to start a thread to compare notes on the packages we received. I know everyone’s tenure and level are different, but it would be helpful to know if there's any consistency in how they are handling the transition. Did anyone actually manage to negotiate any extensions on medical benefits? I’m finding the provided documentation pretty vague regarding the outplacement services and the equity vesting. It’s a gut punch to be shown the door after giving so much to this company, especially during a cycle where they were touting strong earnings not that long ago. If anyone has experience dealing with the HR transition team for this specific wave, I’d love to hear if you’ve had any luck getting straight answers. Good luck to everyone currently in the job hunt; the market feels incredibly saturated right now.
Is the Livermore cut just the beginning?
I’ve been reading the WARN notices and seeing the reports about the 200 people let go at the Livermore site earlier this month. It’s impossible to ignore the tension in the office lately. Even if you survived this round, you can feel the shift in atmosphere. Management is still talking about 'streamlining' and 'operational efficiency,' which we all know is just corporate speak for more budget tightening. Has anyone heard anything about further waves coming down the pipeline, specifically for the engineering teams in Fremont or Tualatin? It feels like we are all just waiting for the next calendar invite to drop out of nowhere. I’ve been putting in extra hours to try and stay invisible, but honestly, it’s exhausting. Does anyone have an actual read on the roadmap for the rest of Q2? Are we expecting more headcount reductions, or is the worst behind us? Stay safe out there, everyone.
Feeling the pressure in Fremont
Is it just me, or is the atmosphere at the Fremont campus getting toxic? Even if you haven't been touched by the recent cuts, the vibe is just off. We’re being told to do more with less, headcount is frozen, and projects are being shuffled around like musical chairs. It feels like leadership is squeezing every last drop out of us before the next round of headcount reductions. I’ve been here for four years and I’ve never seen the office this quiet. People are literally just waiting for the email or the calendar invite for a 'quick sync' that we all know is actually the end of the road. I’m starting to look at other semi companies, but honestly, I wonder if the whole sector is going through the same thing right now. Anyone else feeling like the floor is about to drop out?
Livermore site impacted - confirmed 200 cuts
Just saw the official WARN notice update for the Portola Ave location in Livermore. It’s officially 200 headcount reduction effective April 3rd. I’ve been hearing rumors for weeks that the fab equipment space was cooling down, but seeing it on paper makes it real. If you’re at that site, I hope you have your severance packages reviewed by an attorney. This industry is so cyclical, but it never gets easier watching friends get walked out. Is anyone else hearing if this is just limited to Livermore or if the Fremont mothership is next on the chopping block? Everyone I talk to in engineering is keeping their head down and eyes on the exit, which is a terrible way to work. Stay safe out there.
Lam Research - Bonus structure changes?
Has anyone else heard anything about the bonus structure for this year at Lam? I know it's usually tied to company performance and individual goals, but there's been some talk in my department about potential adjustments. Nothing concrete, just vague hints that it might not be as straightforward as previous years. With all the market uncertainty in semiconductors right now, I'm definitely keeping an eye on anything related to compensation. My last bonus was decent, but I'm hoping for the same or better. Anyone have intel on this? Is it just standard year-end jitters or something more significant happening behind the scenes?
Lam Research - Anyone else seeing the hiring freeze whispers?
Hey everyone, been seeing some chatter on Glassdoor and other sites about a potential hiring freeze at Lam. Not seeing any official announcements, and my manager is being super cagey. Just wondering if anyone else is picking up on this vibe, or if it's just paranoia? My team's been pretty stable, but we've had a couple of reqs stalled for weeks now, which isn't typical. Workload is still heavy, which is what makes it weird. Are they trying to save cash or is something else going on in the background? Curious to hear if anyone has more direct info or is in a similar boat. Trying not to panic but also want to be prepared if things are shifting.
Lam Research - Performance reviews and career path uncertainty
Curious to hear from others at Lam about the recent performance review cycle. Mine felt… different this year. More emphasis on 'efficiency' and 'resource optimization,' which sounds like corporate speak for something else. My manager was pretty vague about future opportunities and seemed hesitant to commit to any long-term projects or career development discussions. It's making me really question where I stand and what the future looks like here, especially with the current industry headwinds. Has anyone else experienced this shift in how performance and career progression are being discussed? It feels like a precursor to something, and I'm trying to understand if it's a broader trend across Lam or just my team's specific situation. The lack of transparency is definitely unnerving.
Lam Research - Anyone else feeling the squeeze?
Hey everyone, posting anonymously here. Been at Lam for a few years now, and lately, the vibe feels… tense. No official word, but projects are getting shelved, hiring freezes seem to be in effect for most non-critical roles, and folks are being extra careful about what they say. I'm seeing a lot of 'quiet quitting' happening, and honestly, I get it. The market's been brutal for the semiconductor industry, and while Lam's always seemed pretty stable, you can't help but wonder if we're next on the chopping block. Anyone else in a similar boat? Seeing any patterns or hearing whispers that aren't just general market anxiety? Trying to gauge if this is a company-wide thing or just my department feeling the heat. Been keeping my resume updated just in case, but hoping it doesn't come to that.
Lam Research - Impact of current market on roles?
Given the general semiconductor market slowdown and macroeconomic pressures, I'm wondering how Lam Research is navigating this. I haven't seen any official layoff announcements, which is good, but I've noticed project timelines getting extended and some internal discussions about 'prioritization' that feel a bit... cautious. Is anyone else in a similar boat? Wondering if this is specific to certain departments or a broader trend. Are hiring freezes more likely than actual cuts at this stage? Trying to get a sense of the broader picture and whether this is something to be genuinely concerned about in the short to medium term. Any insights from those closer to the ground would be appreciated.
Lam Research - Rumors of internal restructuring?
Hey folks, been hearing some whispers around the water cooler lately about potential internal reorganizations happening at Lam. Nothing concrete, of course, just the usual chatter you get when things feel a bit uncertain. Anyone else picking up on similar vibes or heard any more specific (even if unconfirmed) details? My team hasn't had any direct communication, but there's definitely a low hum of anxiety. Are these just typical business cycle jitters, or is there something more substantial going on that people are aware of but not openly discussing? Curious to hear if anyone has insights or has seen anything that might suggest upcoming changes. Trying to gauge the general sentiment here before things potentially get real.
Lam Research - Management communication post Q2 earnings?
So, Q2 earnings are out, and while the numbers weren't stellar, they weren't a disaster either. However, the communication from leadership about the future, especially regarding resource allocation and headcount, feels a bit vague. My direct manager is being tight-lipped, and town halls haven't really clarified much. Just feels like there's an underlying uncertainty that isn't being directly addressed. Anyone else picking up on this? Trying to gauge if this is company-wide or specific to certain divisions. It's hard to plan when the messaging is so fuzzy.
Lam Research - Anyone else seeing hiring slowdown?
Hey folks, been lurking here for a bit and wanted to get a pulse check on hiring. I've noticed fewer open roles at Lam lately compared to a few months ago, and some of my friends who applied haven't heard back, which is unusual. Also, some recruiters who were super active seem to have gone quiet. Is this just me, or are others seeing a similar slowdown in recruitment across different departments? Wondering if this is a sign of things to come, or just a normal seasonal dip. Curious to hear what others are observing, especially those in engineering or R&D.
Lam Research - Anyone else feeling the pressure on compensation?
Just wanted to start a thread about compensation at Lam. With the current economic climate and the semiconductor industry being so cyclical, I'm wondering if anyone else is feeling some pressure or seeing stagnation in terms of salary increases, bonuses, or even stock refreshers? My last performance review felt a bit muted, and while I understand the company's performance impacts payouts, it's hard not to feel a little anxious. Are people getting significant raises this year? Are bonuses looking smaller than expected? How are stock grants looking compared to previous years? I'm not looking for exact numbers, of course, but more of a general sense of where things stand. If you've recently negotiated or received an offer, how does it compare to what you'd expect? Any insight from folks in different roles or levels would be super helpful. Just trying to get a better understanding of the compensation landscape at Lam right now.
Lam Research - Pulse check on team projects and workload
Hey everyone, Been hearing a lot of chatter lately, and while there's no official news, I'm curious about the general vibe across different teams at Lam. Is anyone noticing a slowdown in project timelines or a noticeable increase in workload for the same number of people? Feels like there's a bit of uncertainty in the air, and I'm trying to gauge if it's just my department or a broader trend. Specifically, are project scopes being tightened? Are new initiatives being put on hold? Or are teams just being asked to do more with less? Trying to get a sense of how management is navigating the current market conditions without any official communication. Would love to hear what others are seeing, especially in engineering, R&D, or even operations. Any insights would be appreciated. Trying to stay informed and prepared, whatever that might look like.
Lam's Q3 earnings call - what to look for?
Heading into Lam Research's next earnings call and trying to anticipate any potential hints about workforce adjustments. They've been pretty tight-lipped so far compared to some others in the industry. I'm particularly interested in their commentary around future demand, inventory levels, and any mentions of 'efficiency' or 'restructuring' – code words we've seen elsewhere lately. Even if they don't announce layoffs, a cautious outlook or a miss on guidance could be a precursor. Hoping for transparency, but bracing for the possibility that the current calm might be temporary. Anyone else preparing to dissect the call for hidden clues?
Anyone else seeing reduced hiring at Lam?
Been keeping an eye on Lam Research given the current semiconductor climate. No official news, but I've noticed job postings have slowed down considerably over the past few months. Internal discussions on Blind and elsewhere haven't really touched on Lam specifically, which is a bit unusual when other major players are facing headwinds. I'm wondering if this is just a strategic pause for them, or if the signs of potential cuts are more subtle than we're seeing elsewhere. Anyone on the inside have any insights? Is it just a hiring freeze, or are things getting tighter than they appear on the surface? Just trying to get a better read on the situation before things potentially get ugly.
Is Lam Research immune to the current semiconductor slowdown?
Seeing a lot of negative news about other chip companies and some outright layoff announcements. Makes me nervous. Lam has always seemed pretty stable, but are we really that insulated? I haven't personally seen any red flags in my department – projects are still moving, headcount seems stable. But the broader market sentiment is hard to ignore. Is anyone seeing any subtle signs of belt-tightening or hiring freezes that haven't been widely communicated? Just trying to gauge the temperature. It feels like if it's happening elsewhere, it's only a matter of time before it hits everyone, or maybe Lam has some specific factors keeping it afloat. Curious to hear what others are observing.
Lam Research - Quiet on the layoff front, but is it too quiet?
Been seeing a lot of chatter on other semiconductor forums about potential upcoming layoffs across the industry, and it got me thinking about Lam. We haven't had any official word, and honestly, things feel business as usual on the surface. But you know how it is, things can change fast in this business. My team hasn't heard anything concrete, but there's been a slight uptick in 'efficiency' talks and some projects getting re-prioritized. Just wondering if anyone else has picked up on anything, however small, that might signal something down the line. Trying not to stress, but also trying to stay informed. Anyone else feeling this, or am I just overthinking based on industry trends?
Layoff rumors at Lam Research - anybody have intel?
Throwaway account here for obvious reasons. Hearing some serious rumblings about potential layoffs at Lam within the next quarter. Not just the usual industry slowdown talk, but specific departments being named in some of the internal discussions I've overheard. It seems like the Q1 earnings call might have been a bit of a wake-up call, and now leadership is looking at cost-cutting measures. I haven't seen any official announcements, but the chatter is getting louder and more specific. Has anyone been through something like this before at Lam? What was the process like? Trying to get a heads-up on what to expect and whether to start dusting off the resume. Any insights would be greatly appreciated, even if it's just anecdotal. Don't want to cause panic, but better to be informed.
Anyone else feeling the vibe at Lam? Layoffs incoming?
Hey all, been lurking here for a bit and seeing a lot of chatter about potential cuts across the semiconductor industry. Wanted to see if anyone at Lam Research is feeling the same unease. Things have felt a little... off lately. Fewer new projects being kicked off, some whispers about budget freezes, and a general sense of the company tightening its belt. My team hasn't seen any direct impact yet, but the overall mood is definitely more cautious than it was even a few months ago. Management seems a bit more tight-lipped than usual, and performance reviews felt a little more pointed this cycle. Just trying to gauge if this is a widespread feeling or if I'm just overthinking things. Anyone else in a similar boat or heard anything concrete? Trying to prepare myself mentally, if nothing else.
Severance package expectations for potential cuts?
Okay, this is probably premature, but the rumors are getting louder. I'm in a senior role on the product development side, been with Lam for almost a decade. If things do go south and there are layoffs, I'm trying to figure out what a realistic severance package would look like. Based on industry standards and what I've heard from friends at other semiconductor companies that went through cuts last year, what's a reasonable expectation? Thinking about base pay x months, bonus payout, stock vesting acceleration, and continued health benefits. Anyone have experience with this, either here or elsewhere, that they're willing to share? Trying to prepare myself mentally and financially.
Feeling the pressure lately... anyone else?
Hey everyone. Been here at Lam for about 5 years now, in the engineering side, specifically on the equipment services team. Lately, the vibe has been... tense. Lots of hushed conversations, people looking over their shoulders. My manager's been pretty cagey about project roadmaps, and we've had a few 'reorganizations' that just felt like shuffling deck chairs. No official word on anything, but the constant 'we need to do more with less' talk is really starting to get to me. Saw a few people from our sister team get 'transitioned out' last month, but it was so quiet, like it never happened. Anyone else picking up on this? Is it just my group, or is the whole company feeling it?
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