LED lighting company Cree has confirmed that it has laid off “a very small number” of workers at its Durham headquarters.
The company reported that the local job cuts, as well as an unspecified number of jobs that were eliminated in Racine, Wis., were “in response to current business conditions.”
“We can confirm a limited employment action centered in Racine,” Cree said in a statement. “A very small number of Durham employees were affected.”
The company also said it wouldn’t provide additional information beyond its statement.
Cree, which makes LED light bulbs and light fixtures, employs more than 2,500 workers in Durham. It established a presence in Wisconsin in 2011 when it acquired Rudd Lighting for $525 million.
Cree has been struggling of late. Its revenue rose 2 percent to $388 million in its most recent quarter, which was a significant upgrade from a 10 percent decline in the preceding quarter. It has projected that revenue for its fiscal first quarter will range from $356 million to $378 million, down from $425.5 million a year ago.
Cree plans to release its fiscal first quarter results after the markets close Tuesday.