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 COST is a ki-ler.
@1zni+1plW0hTK perhaps at the executive off site a talent show can be organized
Quick make a new logo, have an expensive executive offsite, and hire more employees to post on anonomous webpages!
if needed, other assets could be sold
https://www.westerndigital.com/company/newsroom/press-releases/2023/2023-07-31-western-digital-reports-fiscal-fourth-quarter-and-fiscal-year-2023-financial-results
Many of those 53000 people are in manufacturing operations and this are part of COGS, not Opex.
There was an one off irs settlement some 500m that went into the cost offset by selling milpitas site facilities ... Is a one off jump in cost dude.
DEFLATION on flash price is the ki-ler. It is nothing related to the inflation