Micron shows losses and will lay off workers
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POSTER: computer news || MICRON SHOWS LOSSES AND WILL LAY OFF WORKERS |
DATE:2016-07-02 |
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A month ago, for Micron company ended the third quarter of fiscal 2016. On Friday, the company has summed up the results for this period (March-April-May). It turned out that the quarterly revenues for the year decreased by 25% - to $ 2.9 billion The company also reported a net loss of $ 215 million, whereas a year ago in the same period it received a $ 491 million net profit.. The transition from profit to loss causes the guide to start a business reform. It planned three main points of cost savings. First, the company will reduce the number of programs, which are being developed. Secondly, the company will focus on key areas. Thirdly, downsizing pass. As planned, the company will cut 2,400 jobs, or 7.5% of the state. For compensations will have to take a loan of $ 70 million, but it will save in the next quarter $ 80 million. As expected in Micron's, the planned measures will help improve the company's already next autumn. | ||
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MICRON SHOWS LOSSES AND WILL LAY OFF WORKERS |
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