this post was submitted on 18 Aug 2023
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Let's be clear that a failing part is one thing but silently dumping them on the public is the unforgivable failure. I hope shareholders are seeing this and selling.
Sandisk has been a wholly owned subsidiary of Western Digital since 2016.
WD's share price is up ~25% this year...
They're saving a ton by not matching our 401ks anymore
Sorry, I don't know the term. What is a 401k?
It's a way for companies to act like they're helping you retire instead of providing a pension.
Can't tell if sarcasm. It's a retirement plan that employers will match up until a certain point, In lieu of the pension plans previous generations were offered.
No, I was being genuine. We have compulsory superannuation here in Aus. Employers pay in an amount equal to 11% of your wages, it goes up to 12% in 2025. It applies to every wage earner, full-time, part-time, contract and casuals.
Wow, that's great. We only get like 3-4% on average, and that requires us to put in 6-8%
But WDC is down almost 10% in the last 10 days
Good point. I was looking from when this problem was first discovered vs when this news hit as you did.
Yep, and shame on clickbaity tech "news" websites for churning out "awesome deals on SanDisk SSDs!" articles with no mention of the failures.