Yes, there will be layoffs but no material planning has started. The metric which is bugging the ELT is that Seagate's opex is about $100M less per quarter than WD. They have structural advantages such as operating in N. Ireland and MN but nonetheless, WD will cut staff to try to match them.
Any new info?
Is the business model of hard drives similar to Amazon? I think in hard drives we need years of engineering as well as technical knowledge. WD always laid of people who were not contributing much but this strategy of supposedly trying divide and conquer may not lead to CONQUEST!!!
Layoffs are coming. Bottom 10% of performers will be cut. Amazon culture has arrived. Badge in and work hours are being tracked it AI.