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Significant job cuts and revenue declines can negatively affect investor confidence, as seen in past layoffs that severely impacted stock prices.
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Lattice Semiconductor plans to cut 14% of its workforce due to profit slump. The company reported a 33.9% revenue decline to $127.1 million. CEO forecasts annual earnings expansion in low double-digits for 2025. Lattice experienced a one-time $6.5 million charge for cost-cutting efforts. Shares down over 25% year-to-date amid ongoing industry headwinds.
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