Solidigm Cuts Jobs Amidst Slump in SSD Demand
The solid-state drive (SSD) sector has witnessed a downturn over the past year, with reduced demand for data storage components in both consumer and server segments. This decline has compelled the three major memory manufacturers – SK hynix, Samsung, and Micron – to scale back NAND production. Now, the ramifications of this slump have reached SSD suppliers, as Solidigm has announced layoffs.
Solidigm, a company formerly under Intel’s umbrella specializing in SSD production and now part of SK hynix, confirmed to AnandTech that it recently had to carry out a series of layoffs. The company characterized these actions as a “moderate” reduction in staff, but it declined to provide further details.
“Due to the prolonged downturn in the semiconductor industry and its impact on market conditions, Solidigm has conducted a workforce reduction. The company is offering support and severance to departing colleagues. We are immensely grateful to the members of our team who have made significant contributions during their time at Solidigm. We will miss them greatly,” the company stated.
Solidigm has not disclosed its new workforce numbers, but as of September 2022, the company employed over 2,000 people across 20 branches worldwide. One branch in South Korea was closed, and third-party contractors have taken over sales in the country. It is possible that the cuts have affected positions in management, marketing, and sales. Solidigm inherited its personnel from Intel NAND’s division, following an acquisition in 2020, and the first part of the deal was completed at the end of 2021.
This development underscores the challenges faced by companies operating in the semiconductor industry due to market fluctuations and changing consumer demands. The adjustment in staff is a reflection of the broader trends affecting the tech sector as a whole.
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- I'm Vasyl Kolomiiets, a seasoned tech journalist regularly contributing to global publications. Having a profound background in information technologies, I seamlessly blended my technical expertise with my passion for writing, venturing into technology journalism. I've covered a wide range of topics including cutting-edge developments and their impacts on society, contributing to leading tech platforms.
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