I wasted an hour to listen WD earning call today. Milligan made clear that more layoff is planned. From what he said, at least 10% is planned.
Anyone has more info?
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We have mainland Chinese employees here? Where?
If you are chinese worker then you OK. Western Digital layoff US citizen and bring more Chinese come over. This company is s---.
A lot more layoffs on he way, hold on tight
August is the last chance to take your vacations.
"up to one third and when you look at from two years ago"
does this mean one third of now? or 1/3 of two years ago?
Up to one third, that is. Excerpts from earning call:
Stephen D. Milligan - Chief Executive Officer & Director
"Yeah, so one of the things that – the first question has to do with HDD capacity, so just to comment on that. One of the things that Mike said, we have been very aggressive over a period of time of taking capacity out both in the form of brick and mortar as well as in terms of head count to react to the decline that we have seen in the hard drive market. And I want to emphasize those numbers. We've taken out 20% of our facilities and 25% of our head count over the course of the last two years. We also have, we have additional plans to reduce that further, up to one third and when you look at from two years ago. And so we will continue to be as proactive as we possibly can."
20 percent minimum till end of year