Yep, and shame on clickbaity tech “news” website for churning out “awesome deals on SanDisk SSDs!” articles with no mention of the failures.
Comment on SanDisk's Name is Now Mud
Bell@lemmy.world 10 months ago
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.
loutr@sh.itjust.works 10 months ago
Pons_Aelius@kbin.social 10 months ago
Sandisk has been a wholly owned subsidiary of Western Digital since 2016.
WD's share price is up ~25% this year...
root@lemmy.world 10 months ago
They’re saving a ton by not matching our 401ks anymore
Pons_Aelius@kbin.social 10 months ago
Sorry, I don't know the term. What is a 401k?
chaorace@lemmy.sdf.org 10 months ago
“401k” is an American term of art. It’s like a pension fund except you’re directly investing into the stock market and not pooling risk with anyone else. Money contributed to a 401k isn’t taxed until you retire, but in exchange you can only contribute direct earnings from the job sponsoring your account.
As part of a benefits package, some employers also offer contribution “matching”. It’s very similar to the concept of employers matching charitable donations – for every personal dollar you put in, they chip in as well. How much they contribute will also vary. Some places will do dollar-for-dollar matching up to a maximum salary percentage (e.g.: If I earn $50k and get 5% matching, the employer will match the first $2500 I contribute). Other comapnies will instead contribute pennies on the dollar at a fixed percentage rate (e.g.: If I save the annual maximum of $22,500 and get 5% matching, the employer will contribute $1,125). And yes – it’s never a pleasant surprise when you’re expecting the good matching and instead get the shity matching.
In any case, because 401k matching is technically only a job benefit, there aren’t many rules against employers reneging on it. It’s one of the first corners that tend to get cut in workplaces where the boss doesn’t have to look his underlings in the eye on a regular basis.
WarmSoda@lemm.ee 10 months ago
It’s a way for companies to act like they’re helping you retire instead of providing a pension.
briongloid@aussie.zone 10 months ago
Retirement fund.
Bell@lemmy.world 10 months ago
But WDC is down almost 10% in the last 10 days
Pons_Aelius@kbin.social 10 months ago
Good point. I was looking from when this problem was first discovered vs when this news hit as you did.