Don't take my word for it because I don't have any confirmed information, but there are rumors circulating about the layoffs around the corner.
Perhaps someone has an idea of what the target groups could be if the layoffs actually do happen soon?
How big do you think the layoffs will be?
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How many were impacted in Finance both in California and Austin?
They should be getting rid of the useless inphi holdovers
How about Automotive, DataCenter and Switch ?
I would guess number one target is storage. And it should be storage. They probably double ordered drives and now have too much inventory.
Look at Seagate stock price and revenue. Look at WD stock price and revenue.