https://www.sec.gov/Archives/edgar/data/106040/000130817923001017/wdc_courtesy-pdf.pdf Start at page 45, have a ba-f bag nearby.
Is the layoff this week or next?
Last year we kicked off the Holidays by laying off on the second week of November. Will we celebrate our freedom the same week this year, or will they bring it closer to Thanksgiving?
Micron
I'm hearing Micron will scoop up the flash business to consolidate their market share. But I suppose SK Hynix could block this too. I think it was a mistake to allow other countries veto power over these mergers.
The Magnificent Seven
https://theorg.com/org/western-digital/teams/board-of-directors Time to do the right thing and get rid of DG, the most hated tech CEO in the Valley.
WE ARE KI-LING IT...YOY...NOT!
https://www.westerndigital.com/company/newsroom/press-releases/2023/2023-07-31-western-digital-reports-fiscal-fourth-quarter-and-fiscal-year-2023-financial-results
Free cashflow is alarming ...
75B revenue minus 2.651B cost = 99mil gross income. 99 mil gross income minus 695 mil OPEX (salaries and termination, asset impairment)= (596) mil Omg ... We didnt even make enough to pay 25% salary of the estimated 53000 workers. INFLATION... — read more
I’m from the future brought from the past…
Don’t let the news fool you. They didn’t need 2 years to conduct this review. The answer was always there.
We are splitting in two companies
Is that a good thing or a bad thing?
Earnings next week?
Will we beat or miss? Will we announce more layoffs?
TGIF
I've never loved Fridays more and hated Sundays more. That's how miserable I am right now at WD.
Pipe dream continues ...
https://www.reuters.com/markets/deals/western-digital-japans-kioxia-call-off-merger-talks-nikkei-says-2023-10-26/ Still, both sides remain interested in consummating the deal, the two people said. Merger talks between the two memory chip... — read more
How many more chances is this guy going to get?
Hacked two weeks down how did this happen to a dude who managed cyber security at Cisco Strategic review 2 years after a lot of work involved but overlooked details SK 0% Rating He will get paid millions for these achievements — read more
I should have sold the stock last week
Last week wife insisted we needed a new car, we should sell the stock. I said let's wait for the merger deal so that we get more money. Now she is mad and I regret not selling.
Failed merger?
https://asia.nikkei.com/Business/Tech/Semiconductors/Western-Digital-and-Kioxia-scrap-memory-chip-merger-talks
Came out from left field ...
https://www.businesstimes.com.sg/companies-markets/telcos-media-tech/sk-hynix-says-it-wont-agree-western-digital-kioxia-merger
Will WD be successful merging this time?
WD merger with SanDisk was a total failure: the market of the combined company dropped while Micron raised. Would a merge with kioxia be beneficial or just another failure as above?
Tired of merger rumors
After more than 3years of merger rumors I'm so tired. Who is culprit, kioxia, WD or both?
November is coming
I got RIF in this May. When WD started layoff, the pattern was every 6 months. So if there is one coming, November big chance. My advice for you if you are still in WD but not that happy, right now is not a good time for job hunting, market is tough... — read more
Why WDC is a buy opportunity if it survives DG
"Go for a business that any id--t can run -- because sooner or later, any id--t probably is going to run it." - Peter Ly--h "A ham sandwich could run Coca Cola." - Warrent Buffett
Are we in agreement it's November?
For both the layoffs and the merger announcement?
Merger Update
Kioxia and Western Digital Corp. are on the cusp of finalizing their merger, anticipated to be agreed upon as early as this month, according to Kyodo News. This union is poised to make the combined entity the world's largest maker of NAND flash... — read more
Predictions on stock price?
Prediction on stock price after earnings and rumored merge?
Flash BU started townhall meetings
Townhall meetings with the VPs. They want to get a feel on which ones of you guys they are going to cut. 😅. Don't ask wrong questions 🤣 Good luck y'all 👍🤞
Deal or No Deal, Deal Close
Yesterday's news that Koixia has secured $12.7B. They have now approached Japan Industrial Partners to consider investing in the planned merger... — read more
HHD Companies are underrated in the industry.
Finis Conner, a pioneer in the Hard Drive industry and the visionary founder of some of the world's most successful hard drive companies, sheds light on a critical challenge facing our industry in the Gen AI era. In today's AI-driven world, data is... — read more
THE BIG ONE is in November
Hold onto your hats, ‘cause this is the big one you’ve all been waiting for!
No room for growth
Why is anybody staying here?
Stop asking about Kioxia merger. It will happen.
https://english.kyodonews.net/news/2023/10/1655a4e1960d-urgent-japan-chipmaker-kioxia-western-digital-to-agree-to-merge-sources.html
Such incompetence.
Now with te------ts attacking Israel don’t we feel secure that the cheapskate and unconcerned about employee safety CEO and his ELT canceled safety benefits like International SOS. Id10ts
Merger happening or just excuse to pump the stock?
It has been like 3 years of merge rumors and nothing happens
CEO Survey - David Goeckeler of San Jose’s Western Digital didn’t receive a single vote of approval
CEO survey: https://www.sfgate.com/tech/article/employee-survey-most-hated-bay-area-tech-ceos-18409398.php - David Goeckeler of San Jose’s Western Digital didn’t receive a single vote of approval. The manufacturing company laid off more than 200 Bay... — read more
No more mass layoffs
It seems to me we already went through the worst point and no more mass layoff plans.
YEARS OF MISMANAGEMENT!
https://tpguidelines.com/western-digital-in-549-million-transfer-pricing-dispute-with-the-irs/
Time to sell WDC shares? - EVP & GM of Western Digital Corporation just disposed of 6,095 shares
Sell shares ahead of Kioxia merger or wait for 2:1 exchange? https://www.conferencecalltranscripts.org/summary/?id=12561466
Merger - who knows? Another class action lawsuit ?
There is a long list of employment related issues. WD settled a class-action gender bias case gender bias case couple of years ago. I’m not going to bring up my list here - most of us know; but management keeps ignoring … how much do we have to be... — read more
What would make your work life better?
I see so many of you hate your jobs at WD. But what would need to happen to make you stop feeling that way? I'm genuinely interested to know if there's anything that would help. It doesn't have to be anything huge, even a little something that would... — read more
new rumors about merger with kioxia?
https://finance.yahoo.com/news/1-kioxias-banks-refinance-13-075654565.html
All manufacturing will be shut down by Christmas
All manufacturing will be shut down by Christmas. Only R&D will stay operating in hopes that the economy will recover. Company has way too much debt to become solvent. I suspect that the Elliot deal will spin off Sandisk into a separate company and... — read more
RSU / LTI Accelerated Vest?
You think it’ll happen?
number of employees
WDC 2023 53,000 -18% from 2022; or -5% each year 2022 65,000 2012 103,111 https://www.macrotrends.net/stocks/charts/WDC/western-digital/number-of-employees Our friends at Seagate same story, but not as bad. 2023 33,400 -16% or -4% each... — read more