$Broadcom (AVGO.US)$
Broadcom Q4 FY2024 earnings conference call is scheduled for December 12 at 5:00 PM ET /December 13 at 6:00 AM SGT /December 13 at 9:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
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$Lululemon Athletica (LULU.US)$ Yoga clothing giant Lululemon unexpectedly announced layoffs due to the closure of a warehouse in Washington, resulting in 128 job cuts. Many people say that's not a lot, but look at alibaba with over 200,000 employees, they also started with just a few thousand layoffs.
Layoffs are not about the number of people, it's about the trend, most importantly.
In the past, they were hiring and offering high salaries to attract employees, but now not only are they not hiring, they're also reducing staff. What kind of environment is this? Just think for a moment, the expectations for the future have changed. Keep in mind that lululemon's warehouse area increased from 1.12 million square feet to 4 million square feet in just four years. The rapid expansion period is over, and now they need to adjust. Companies like Amazon are also downsizing, so what's the big deal with lululemon.
In previous issues, we said that lululemon has entered a new era. This year, its revenue exceeded $10 billion, and lululemon has entered a single-digit growth era. Efficiency has become more important, whether it's employee efficiency or warehouse logistics efficiency, they all need to be streamlined. Not only should we not waste money, but also make every penny count. The layoff in the warehouse this time is also about merging two warehouses.
Not only lululemon, but also the financially strong Nike announced a layoff plan last year, planning to lay off 2% of its employees, which is roughly more than 1,600 people. They have just laid off 740 people. This layoff plan is to save $2 billion annually. Simply put...

$Apple (AAPL.US)$
Apple Q2 2024 earnings conference call is scheduled for May 2 at 5:00 PM ET /May 3 at 5:00 AM SGT&MYT/May 3 at 7:00 AM AEST. Subscribe to join the live earnings conference with management NOW!
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