Brookings, South Dakota-based Daktronics, a maker of large video and LED display and messaging displays, has announced that it will be reducing its headcount in anticipation of a continuing market downturn associated with the COVID-19 pandemic. Approximately 100 employees will be impacted by the layoffs.
According to a company spokesperson, "We now foresee a more prolonged downturn and we felt a longer-term solution was necessary."
"During the first quarter of fiscal 2021, our customers reduced their spending on audio-visual systems as they worked through the economic and business implications of COVID-19. We took corresponding action to reduce our operating expenses to align with expected order and sales declines. We regret the impact this has on them and their families."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?