Thread regarding Western Digital Corp. layoffs

Falling SSD pricing is the just the start. Massive layoffs next.

SSD rockbottom price levels = massive layoffs to come. At least 8% company wide, to be conducted by end of calendar year. Mainly in the ssd and mamr development teams.

Failure to launch competive SSD offerings and the shortcomings of MAMR is now getting world attention. As the stock price falls, management is left with the reality that head count must be reduced in order to pacify stockholders, not to mention sustain the price high and long enough so they can sell their own excessive quantities of stock options for a profit.

Once again the little guy actually doing all the work is cast off like last weeks' garbage, as management drives off in their bmw's and laughs at the injustice of it all.

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Post ID: @UPoWCPx

8 replies (most recent on top)

Not the whole picture. Stock price also lower than what it was 5 years ago. Major change coming no doubt.

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Post ID: @UPoWCPx-10zyf

Stock price lower right now than it has been in 2 years. Anybody with GED can figure out where this dog is going next.

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Post ID: @UPoWCPx-10ovw

Latest layoff rumours I am hearing is now 10 to 15%. Stock price has imploded and forward outlook for SSD profitability is going to be in the negative territory for the next several quarters. I hope everyone was saving their $$ when we were doing well, because the foreseeable future is bleak.

So very, very, bleak....

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Post ID: @UPoWCPx-zqsn

Good luck! I hope you find a great job and a good team to work with.

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Post ID: @UPoWCPx-cdaf

Just got the notice my services are no longer needed. A large number of folks in my dept that were tasked to support customer SSD applications and development are either being let go or being asked to support other areas.

Good luck all. I will miss you.

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Post ID: @UPoWCPx-8lab

The drive business has always had layoffs as part of their DNA. It just comes with being in the storage industry. Since buying these SSD companies, WD has not managed to produce any new SSD products under their leadership, which says something.

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Post ID: @UPoWCPx-1gme

Hey, things can turn around. Maybe we will get bought out? New management is what this place really needs.

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Post ID: @UPoWCPx-inj

Oh gawd..... oh gawd.

House payment, kids in school, not to mention car and college loans.

I can only hope sales and profits pickup, as I cannot afford to look for a new job right now. Thought i had a good thing with WD. Who knew their rise to greatness was just the steam you see rising off the fresh dog p--p on a cool morning.

Oh gawd. We're all doomed.

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Post ID: @UPoWCPx-qwo

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