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Spansion to cut 20 percent of workforce

11/3/2011 05:22 PM EDT
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tmccorm
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Rookie
re: Spansion to cut 20 percent of workforce
tmccorm   11/7/2011 1:09:32 PM
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I would have to speculate that the market is going to NAND. For applications of code storage, I am not sure that this is a prudent direction. NOR is much higher quality flash and better suited towards code storage. Hang in there Spansion!

resistion
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CEO
re: Spansion to cut 20 percent of workforce
resistion   11/6/2011 4:01:29 PM
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Yes, this is disturbing. They were strong player in NOR. Where is that market going?

daleste
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CEO
re: Spansion to cut 20 percent of workforce
daleste   11/6/2011 2:21:50 AM
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There does seem to be a lot of down sizing in the industry right now. Consolidating their production facilities tells me that they don't have enough product being manufactured to keep them both busy. Not a good direction for the company.

Patk0317
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CEO
re: Spansion to cut 20 percent of workforce
Patk0317   11/5/2011 6:07:43 PM
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First AMD and now Spansion. Will there be more layoffs announced? Interesting when at least in the local (Silicon Valley), news there have been recent articles about having a lower unemployment rate than the rest of the state.

goafrit
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Manager
re: Spansion to cut 20 percent of workforce
goafrit   11/5/2011 12:16:18 PM
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This is industry wide - it is very bad. I do not know if this is competition or just the pressure from Wall Street. It is too early to say.

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