Showing posts with label LSI Corp.. Show all posts
Showing posts with label LSI Corp.. Show all posts

Aug 21, 2007

LSI - More “Partnering” Lay Offs Coming To Kansas City?

In the last line of the last paragraph in a Matt Andrejczak article on Marketwatch:

”LSI also will transition similar functions at facilities in Singapore and Wichita, Kansas, to current manufacturing partners.”

As written in LSI Leveraging Worldwide Contract Manufacturing Ecosystem = U.S. Layoffs, the company has no intention of retaining any of their American facilities other than the required sales staff. When the following honors were awarded to the LSI facility in Wichita, in 2003, they had total employment of 600. I have not been able to obtain current staffing levels.

Four years ago this facility was honored by the Kansas Society of Professional Engineers and Governor Sebelius:

Largest high tech employer in Kansas receives accolade for contributions to state economy and engineering ingenuity

Jul 26, 2007

LSI Leveraging Worldwide Contract Manufacturing Ecosystem = U.S. Layoffs

As written about earlier this month LSI announced 900 layoffs - Strategic Restructuring 900 To The Unemployment Line.

Less than three weeks later they announce another 2,100 layoffs. From their website they have 13
North American facilities outside of their home town of Milpitas, Ca. The company made no indication of where or when the cuts will take place or if any severance packages will be offered.

From the LSU July 25, Press Release:

Abhi Talwalkar, LSI president and CEO, said, "As a result of the steps we are taking today, LSI will be well positioned to leverage the worldwide contract manufacturing ecosystem to further reduce our costs and improve our gross margins over time. Additionally, we anticipate significant benefits from additional sourcing options and worldwide fulfillment capabilities."

The company, other than their own back-slapping, gives no information on employment numbers or layoff information. If anyone can add to this sparse info, please leave a comment.

Additional article in the Silicon Valley / San Jose Business Journalabout LSI: LSI posts $378M Q2 loss, plans $100M sale and 2,100 job cuts

Jul 6, 2007

LSI - Strategic Restructuring 900 To The Unemployment Line

LSI Corporation has accelerated their “Strategic Restructuring To Align Resources” which means 900 non-production workers will be “Restructured” sooner.

Companies that consistently try to spin events such as layoffs announcements, think that their smart and in control. If they were truly smart they would find a way to put such an enormous pool of talent to profitable use.

LSI Corp.
Press Release

Ben Ames wrote this article printed in the layoff report at NETWORKWORLD