What makes me really anxious is the fact that the manager pretends that cuts aren't around the corner. From what people write here, it seems that most of them act as if everything is in the best order and that cuts are not even on the horizon?
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Are executives heading to an exotic resort again? That's how they celebrated the last RIF.
Layoff is currently planned on the week of 5/22
As this thread's topic, I don't feel any likely upcoming RIF at this point in office. On the other hand, I did know some team members had talked to manager and decided to leave.
@3sqi+1mrUrnh1 layoff is not a rumor, it's on and soon; this company has done so many layoffs it's unfeeling exercise for most, so unemotional mgr situation normal
Re: The layoff is probably mid-May! Upwards of 15% and some BUs may even touch 25%. After this stock price may go up
Layoff to pump the stock - seriously? Since we cant grow, let's layoff to make sure we get our stock price up , so we can sell. Sad.
My manager told me he used to got the list a few weeks ago before RIF but didn't hear anything this time. So I wonder either nothing would happen in my BU or the layoff was just a rumor.
Anyone heard of reliable news regarding upcoming RIF from your manager?
It will be way above 15%
If in middle of May, then it pushed from 5/9 to 5/16.
The layoff is probably mid-May! Upwards of 15% and some BUs may even touch 25%. After this stock price may go up!
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 may be looking for buyers. The company had to pay 700+ million in back taxes and the latest debt interest is 13 million a month for now. Keep an eye on whos selling stock and how much. Gould be a sign that something is going to happen. SEC website has all filings. The last option for the company is to sell the remaining 4.9 million stock on the open market, but this will dilute share price and may cause share holders to flee. Any way you look it is not good for WD
I heard we have to wait until 5/9 for our paid summer break to start
The cut has been decided. They just need to deliver the message.