Why did WD stock go up by 5.5% today? What is the good news? DG retiring??

https://m.uk.investing.com/news/stock-market-news/japans-kioxia-western-digital-to-resume-merger-talks-in-april-asahi-3349454

https://www.crn.com/news/networking/2024/cisco-coo-maria-martinez-suddenly-departs-in-wake-of-widespread-layoffs

https://www.nasdaq.com/articles/kioxia-offers-sk-hynix-chipmaking-access-in-japan-to-revive-wd-merger-talks-report

Don't know why ppl in this forum are so negative and sour. We just got promotions, bonuses and pay raises. Stop the cry

wait for it

Western Digital Corp. is facing significant challenges as it announced a round of layoffs, affecting 2,500 employees. The job cuts come as a result of weakened demand for its products and lower-than-expected revenue.Jan 31... — read more 

They submitted the notice to SEC about unable to file all or part of the result in timely matter. It is on investor.WDC.com. However, how come it is not in news and no effect to the stock price? They need to figure out the $100M gap.

Embarrassing survey results for ELT. Hope people choosing our next CEO see results. ELT scored 61/100 and down by 8 points since April 2022. So bad. Get rid of DG and bad leaders.

https://www.nasdaq.com/articles/western-digitals-jv-in-japan-with-kioxia-to-get-up-to-150-bln-yen-government-subsidy

get something done and let’s move on

It's becoming tiring to only get bad news about results, layoffs, and anything else WD related. I can't be the only one who feels this way and is considering leaving this place as soon as possible.

https://www.reuters.com/markets/deals/bain-talks-with-sk-hynix-restart-western-digital-kioxia-merger-talks-kyodo-2024-01-27/

From Barrons: >WD posted December quarter sales that edged Wall Street estimates, and provided better-than-expected guidance for the March quarter—but the disk-drive and flash memory chip company’s shares nonetheless were falling in late... — read more 

https://www.westerndigital.com/company/newsroom/press-releases/2024/2024-01-25-western-digital-reports-fiscal-second-quarter-2024-financial-results

https://www.law.com/corpcounsel/2024/01/22/chip-maker-micron-scoops-up-legal-leader-from-rival-thats-restructuring/ What does Michael Ray know?

Loyalty is not rewarded, you're paid to do a job YOU are replaceable Your employer seldom remembers sacrifices you made or family events you missed Your best interests are rarely the priorities of your employer or HR Do what's best for... — read more 

Can somebody please confirm that this is old news? It seems that most people think this was announced in November and is nothing new, but it would be nice to get a confirmation from somebody there. Just to know if we have opened the year with new... — read more 

Anyone would care to chime in with a prediction about potential Western Digital layoffs? Any chatter, news or rumors?

middle management is largely unchanged and integrated HGST/WD/SNDSK so why should anyone expect something more to come from what's ahead

According to this post WD gained $1.2 billion market cap last week. https://finance.yahoo.com/news/institutional-investors-western-digital-corporations-160330153.html Thoughts??

What do you guys think of this news https://www.digitimes.com/news/a20231206PD213/western-digital-nand-flash-price-increase-hdd.html??

The leadership su-ks! CEO has no vision, management team are really bad. Roadmaps are constantly changing, off and then on and then off and finally on, so much time was wasted and they wonder why we are late pushing the products out. This is... — read more 

https://www.techradar.com/pro/hard-drive-prices-could-go-up-significantly-after-the-rumored-collapse-of-key-player-paving-the-way-for-growing-ssd-domination-in-the-storage-market

I was hoping to be impacted by the layoff but didn’t get lucky. I bought the lie that it’s a shared struggle and we’re all in it together, but seeing all the rewards go to DG and his cronies make it obvious we’re being pillaged from the top. No... — read more 

So we never merged with kioxia. Happy thanks giving!

https://www.semiconductors.org/texas-instruments-chairman-rich-templeton-elected-chair-of-semiconductor-industry-association/

Anyone have counts of affected people by site or org?

Any numbers on the size of the RIF?

After the sad and demoralizing event today , there is a new rumor surfacing of an ACR coming in Jan 2024 ? Is it true ?

Some of my colleagues were layoff. Milpitas, client group

RIF’s today in Irvine location

These days, I can only see being laid off as a positive development for my future. WD is falling apart with its current leadership and being given a chance to leave while getting paid for it is certainly preferable to staying here and going down with... — read more 

investor relations link using Connect or the web

Has been through more than 10 times layoff in WD and finally got laid off, I can tell that WD would lay off people every 6 months during bad times. So if you think it's still bad, then count 6 months from last layoff. How to determine it's bad time... — read more 

attrition and layoffs simultaneously => operational disruption, low productivity and morale. Thanks to DG and staff

Since layoffs didn't happen last week, I'm going to assume they're going to happen this week. Is it going to start on Tuesday as usual? Is there any way to find out more about what's going to happen? Knowing so little is only intensifying my anxiety... — read more 

https://www.tomshardware.com/news/sandisk-extreme-pro-failures-are-due-to-design-flaw