Company in financial difficulty - Lead Equipment Engineer Lumileds Employee Review

Bonus freeze, hiring freeze, No increment, Low tech node (6" wafer fab), No innovation, LED industry is dying, Company was spin off from Philips, Philips sold it off to Apollo (says a lot why Philips sold off its own LED division) and the company was already in dire financial difficulty in 2020 (even before Circuit Breaker / lockdown started).