Seems that everyone here was wrong
8 replies (most recent on top)
Hundreds of engineers and employees got layedoff last week(last week of May 2023) at WesternDigital(WD/Sandisk) at Bangalore, India. The employees were told that they won't get severance unless they do voluntary resign(or call it layoff) since company wanted to hide mass layoff news from public. Not sure how legal this is.
May 24
Layoffs are coming it is the DG strategy. The numbers were bad YoY and the guidance stinks. If you read the transcript, DG is still transforming.. that means operational cost cutting.
They missed their guidance though.
Not so fast. Flash was -5% GM - we lost money. Only HDDs held up the company.
RIF could be on 5/24. They might mention it in all hands on 5/11.
doubt everyone here is wrong just bc it wasn’t mentioned
Loooooooool