The layoffs are coming to the forefront of LED lighting companies how to get out of the woods?

In 2016, the global economic growth slowed down and market volatility intensified. In such a big environment, a new wave of layoffs has started in the world. This wave of layoffs has caused certain impacts on all walks of life. Of course, the LED lighting industry has not been spared.

On November 23, informed sources broke the news that GE Lighting China is undergoing large-scale layoffs, and some employees were required to obtain compensation and dismissal duties at the minimum standards of the Labor Law.

In October, US LED manufacturer Cree was also reported to layoffs, but Cree said that they are very small in layoffs this time. In addition, in May, Jingdian was exposed to close the Yuanfangleijing plant, and the production capacity was concentrated in Hsinchu production, and nearly 100 employees were estimated to be employed.

In recent years, the LED industry has frequently exploded, run, layoffs and other events, the industry seems to have ushered in the cold winter, how to survive this period, survive, has become the top priority of many LED companies.

In the view of OFweek Semiconductor Lighting Network, the layoffs are behind the company's increasingly fierce market competition, and the performance is severely challenged. The layoffs are an effective way to reduce costs immediately, so they are adopted by many companies.

In fact, for many LED companies, layoffs are a last resort, because the company can't take care of so many employees, and can only lay off employees to reduce costs and save survival. Some people think that entrepreneurs should always maintain a sense of urgency, and it is important to bear in mind that enterprises are the first to survive at any time.

For LED companies, layoffs may be an option to cut costs through the cold winter. Every company has its own considerations, and we are sure of the benign layoffs. But if it is not handled well, it may bring many other negative problems. Therefore, when choosing a layoff, companies should also consider issues such as employee reemployment and social unrest, not just the interests of the company. Some investors have also admitted that in the face of many pressures, enterprises should give priority to employees' interests and social interests. When dealing with crises, they should assume more social responsibilities, rather than purely making money or making profits.

In addition to layoffs, can we still get out of the current predicament in other ways? Relevant people in the LED industry have also given some suggestions: First, strive to innovate, improve products, increase product added value, and enhance the core competitiveness of products in the market; second, avoid homogenization, explore differentiation and specialization Third, through training and introducing talents, strengthen and enhance the management level of enterprises; Fourth, enrich marketing models and expand sales channels.

It’s spring when you pass. This round of bankruptcy mergers and acquisitions does not know when it will fade. Maybe it is 3 years, maybe 5 years, and maybe it will take longer. For LED companies, the most important thing is to practice hard work, so that they will not be at a loss when the "tidal water" retreats, and the industry will be left behind. Keeping the clouds open to see the moon, everyone is stunned.

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