Another Signify Layoff

April 16, 2019 [addtoany]

Our phone was blowing up yesterday with news of a Signify layoff in the U.S.  We received the following statement from the company:  “As the industry continues to transition, we are investing in high growth areas while aligning our organization to best serve our customers across the US – an important hub of economic growth and innovation for the company globally.”

This layoff is on top of news from two weeks ago where OSRAM adjusted its forecast downward due to a weak market.

Contrast this to Acuity’s press release on 3 APR, where they announced  operating profit for the second quarter of fiscal 2019 increased $6.4 million, or 7.2 percent.