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Sandisk cuts 450 jobs?

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Sandisk cuts 450 jobs?

Sandisk cuts 450 jobs?

Author: Marc Mouthaan

Publication: 11/11/2008 3:06 PM

News type: Company news

Sources: Fudzilla / Tech Connect

Views: 340

Sandisk lost US $155 million in the third quarter of this year, a significant to the profit of US $85 million in the same quarter 2007. As a result of the grim economic expectations, it's been rumored that the company has informed its employees that several of the workers will have to be let go. 

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The rumor states that approximately 450 of the 3000 worldwide jobs will be cut, which means that a total of 15% of the employees will be fired. This should keep the company out of the red sales figures. Sandisk has not yet officially responded to these rumors. 

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