Cree confirmed that the company has laid off approximately 2.5% of its employees at its Durham headquarters, reported the Journal Times. The company reported that local job cuts and an unspecified number of jobs that were eliminated out of “response to current business conditions.”

Power management company Eaton today announced the winners of the 37th Annual SOURCE Awards national lighting design competition held by its Cooper Lighting Division. The winners were recognized at LIGHTFAIR® International 2014 held on June 2, in Las Vegas. Five professional awards and five student awards were presented.