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by kctess5 3625 days ago
> "The restructuring is expected to cost the company about $164 million in pre-tax charges during fiscal 2017, $82 million of which will be employee termination costs"

$82000000/6500 = $12615

Average severance of 12.6k per employee seems rough.

3 comments

Maybe if all of the cuts were in the Bay Area. However the article suggests it's the "manufacturing footprint" in Asia that will be most affected.

Potentially that's not a very bad severance.

I read somewhere that Thailand is currently the world's largest hard drive manufacturer. It is therefore entirely possible that a substantial number of these job cuts with be in Thailand which definitely has dramatically lower salaries than the Bay Area.

source on the Thailand and HDs for those that are interested. This article from 2011 claims that 25% of global HD assembly is in Thailand. http://www.ft.com/cms/s/2/f0f9a234-fb33-11e0-8756-00144feab4...

There's also overhead of managing the terminations, which is likely in that $82m.
They have workers in many countries so it would depend on where they are happening.