Rumours about layoffs coming in next couple months. Anyone heard anything or know which departments are affected?
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Every year we hear the same nonsense about " big layoffs" and it never is true.Stop with the lies.
Which department is impacted?
I am a Senior Program Manager for Cultural Diversity and Gender Equality. Am I safe?
@1fwg+1iHnSrXb confirmed by who?
When are they shutting down SHK? Still planning for end of CY22? Anyone know?
VLSI HDD teams will have a 10-15% reduction, is what I am hearing
How many? Which locations?
October. Research group.
Confirmed. October. Design. Research. Some groups got hit in September already. Secret is out. We know. Please be kind to those affected.
Can’t wait for it to happen , we are too fat at the FRE location
October, HDD groups
With the drastic demand cuts - as expressed in the correction of the revenue from 2.5 to 2.1B - this reduction in force seems unavoidable.
Have not seen such drastic reduction in shipment numbers in the next quarter, like ever. Perfect storm of inflation, supply chain issues and terrible planning/forecasting.
This is shaping up to be late 70’s, early 80’s, with a double GFC twist.
Fake news!
Yikes, this is shaping up to be a repeat of 2016, 2018, 2020...