I'm betting you that the first thing the CEO will announce later today after presenting disastrous results will be more layoffs. That's about the only way he can placate investors right then and there - with plans for major cost cuts, or in other words, reduction in force. Mark my words, this is coming.
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DG will never publicly announce layoffs
very well said. few weeks to go...goodbye WDC
I expect to hear the word AI many times, but not observe too much actual intelligence.
- Western Digital (NASDAQ:WDC) is scheduled to announce Q4 earnings results on Monday, July 31st, after market close.
- The consensus EPS Estimate is -$2.02 vs $1.78 in 4Q22 and the consensus Revenue Estimate is $2.52B (-44.4% Y/Y).
- Over the last 2 years, WDC has beaten EPS estimates 75% of the time and has beaten revenue estimates 88% of the time.