SanDisk likely to cut 15% of staff as it downsizes

According to unnamed industry sources, SanDisk is primed to fire up to 15% of its staff, which would amount to around 450 to 500 employees. The purported cuts will be made as the company downsizes in order to cut costs, hot on the heels of a $155 million Q3 loss and sales that have sunk by 21% year-over-year to $281 million. Call us crazy, but we get the feeling this won't be the last story we hear over the next few months that ends with dutiful workers being sent home.

[Image courtesy of Semiconductor]

[Ellianth @ Nov 6th 2008 10:23AM]

weren't they trying to buy some other company the other day?

[VeganFreak @ Nov 6th 2008 10:28AM]

Wow...is....the world ending?

[CAHLITO @ Nov 6th 2008 10:23AM]

Nah... just the economy

[VeganFreak @ Nov 6th 2008 10:28AM]

Oh, so it is ending. k

[Hotrod @ Nov 6th 2008 10:28AM]

Really sad seeing people lose their jobs. I lost some of the hardest working co-workers last month due to layoffs at my casino.

[joe23521 @ Nov 6th 2008 12:39PM]

So it pays to be a slob, eh? ;-)

[Chuck @ Nov 6th 2008 10:35AM]

If they cut down on the amount of flags outside their building they could probably save some of those workers.

[Hotrod @ Nov 6th 2008 10:43AM]

Lmao, good observation sir.

[tehpyro @ Nov 6th 2008 11:24AM]

That has to be THE funniest shit I've read all day!

[strider_mt2k @ Nov 6th 2008 11:31AM]

They are...FLAGS OF SHAME!!!!!!

[Actaeon @ Nov 6th 2008 1:26PM]

This is not their corporate office.

This is their "newly" (about a year or so ago) built manufacturing facility in China. Decorated for the launch of the new site...

[wootman @ Nov 6th 2008 2:06PM]

Major bummer, the sansa line of players and their SD cards have always been solid, especially the clip.

[Skazer @ Nov 8th 2008 3:41PM]

They just face too much competition. With excellent releases from Creative, Samsung, Cowon, Iriver, Sony and Apple- there's no room for Sandisk though their products do give good value. Their SD cards are just horrendously overpriced- costs 1.5-2x more for the same product.

[3fa371c6 @ Nov 6th 2008 3:55PM]

Welcome to The Second Great Depression.

[boze @ Nov 7th 2008 2:46AM]

well for starters, they moved their product support from FL to India in August.

[Rusty @ Nov 7th 2008 9:26AM]

The dangers of miniturisation....