Micron Stock Falls After Memory-Chip Maker Says It's Increasing Layoffs
Shares of Micron Technology were down Thursday after the memory-chip maker said it would accelerate its layoff plan and reduce its headcount by 15% this year.
https://www.wsj.com/livecoverage/stock-market-today-03-02-2023/card/micron-stock-falls-after-memory-chip-maker-says-it-s-increasing-layoffs-ArX0ifSDuM02F1gKhclm
Good for you if you have stock. It'll go back up. Think strategically if you are not bogged down by finances and have to sell. RSUs on the other hand are artificial. It's kind of like winning the lottery at this point, if you can stick around to let them vest without being fired first with or without cause.
Are you sure it’s good that stock is dropping? I know most of us probably have some stock. We would prefer it to go up so we could sell.
For this quarter, guess result will be very bad. Wish reach bottom soon...
Bankruptcy filed
Wsj has a bad title. It is because of inventory writedown (nand or dram asp reaching cost parity)