LEDVANCE Announces Layoff

EXCLUSIVE.  MUST CREDIT EDISONREPORT.  EdisonReport learned of layoffs at LEDVANCE and we received the following statement from LEDVANCE:

“Today, approximately 25 U.S.-based LEDVANCE employees received notifications their positions were being eliminated as part of a broader strategy to right-size the sales organization and consolidate some back-office functions where resources were allocated to low growth areas or handled activities no longer aligned with business needs.

 All affected employees were spoken to privately and offered severance benefits, outplacement assistance and access to the company’s Employee Assistance Program.

LEDVANCE is committed to aligning it’s organization to meet and exceed the expectations of the lighting market during this dynamic time, and will continue to strive to provide best in class innovation, products, and service to our channel and end user partners.”

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