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.”

Taiwanese LED EPI-wafer manufacturer Epistar has vehemently denied claims made by local media Apple Daily that it had laid off more than 100 employees following the shut down of its subsidiary FOREPI’s EPI-wafer fab.