I survived this round but my manager made it clear to my team (at least those who remain after gutting) that we would be screwed if market downturn continues into the second half of the year. How fu---d are we?
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Seems to just be Micron thinning the herd, I have multiple interviews lined up with other semi companies. Most of them got a lot of CHIPS money and are building new fabs, and are ramping up hiring.
Really fu---d
10 % every quarter
If by we you mean Micron, I'm honestly tired of the fear-mongering by upper management. We made $9B last year, and lost $40M last quarter. If the downturn continues, sure we might not be profitable this year, but we are not in any serious danger as a company.
If by we you mean us employees, my manager has already said he expects there will be a second round of layoffs by the end of the year. I think he's right, especially since it took exactly one bad quarter to start layoffs.
GPUs are way down in demand. Memory is way down in general. Micron will lay off many more this is just the beginning. They overreact. The pendulum has begun to swing and unfortunately it’s not at its maximum negative. Please look for other jobs now.
Question is, would it remain muted in 2H. Not as per announced expectations… AI training apps accelerating.
GPU’s more in demand.
Hoping more faster memory in demand.
Meta saved 4 billion by extending data center (rack) life by 6 months. Wonder if that means new sales of memory will be impacted as older memories expected to last 6 months more. Could be offset by more AI related demand.