Are rising interest rates to blame? But rising interest rates can't be a surprise to investors since the Fed has been advertising interest rate hike plans consistently. The problem is not rising interest rates, it's the growth crushing impact of Trump's tariffs. In both cases, founder and CEO Valentin Gapontsev fingered "the current global macroeconomic trade and geopolitical environment" for the declining revenue growth forecast. That could lead to a cycle of slowing revenue growth and layoffs.
Source: Forbes October 11, 2018 12:00 UTC