Sunnyvale, California-based Finisar Corporation, a division of Santa Clara-based Coherent, a laser technology company specializing in fiber optic communications, subsystems, and network test systems, announced an operational restructuring leading to a reduction in force at the company's Fremont, California location.
The personnel realignment will impact 108 employees involved in the manufacture of optical communication components and subsystems commencing on May 15, 2023.
According to a spokesperson, “This action is necessary due to a fall in business demand, which prompted a restructuring of operations with a focus on reducing business costs.”
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. We see good people being laid off through no fault of their own. 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?