SanDisk Layoffs: Semiconductor and Data Storage Giant Lays Off Employees Despite AI Boom, Say Reports

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  "signal_subtype": "decreases_headcount_by",
  "detected_at": "2026-08-24T14:22:05+00:00",
  "company": {
    "name": "Sandisk",
    "domain": "sandisk.com"
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  "data": {
    "url": "https://www.latestly.com/technology/sandisk-layoffs-semiconductor-and-data-storage-giant-lays-off-employees-despite-ai-boom-say-reports-7574050.html",
    "title": "SanDisk Layoffs: Semiconductor and Data Storage Giant Lays Off Employees Despite AI Boom, Say Reports - LatestLY",
    "excerpt": "Memory chip manufacturer SanDisk has laid off dozens of employees at its development operations in Israel, catching workers by surprise given the company's booming financial performance. The cuts primarily affect development professionals across various departments within the local workforce, which totals around 700 employees spread across research and development centers in Kfar Saba, Tefen, and Omer. The downsizing arrives during an extraordinary period of growth for the firm, driven largely by surging global demand for flash memory and artificial intelligence infrastructure. As per a Calcalist report , SanDisk recently reported stellar quarterly results with revenues reaching approximately 9 billion USD and a massive order backlog of 91 billion USD, fueled heavily by long-term contracts with major cloud and AI operators. Volkswagen Layoffs: Multiple German Plants Face Uncertain Future? Know What CEO Oliver Blume Said . The workforce reduction has drawn intense scrutiny because it comes only months before the scheduled rollout of an employee stock purchase plan (ESPP). This program is designed to allow personnel to acquire company shares at a substantial discount through monthly salary deductions. Given that SanDisk's stock price has skyrocketed roughly 3,500 percent over the past year to near 1,600 USD, the potential financial benefit from the discounted shares could have...",
    "summary": "Memory chip manufacturer SanDisk has laid off dozens of employees at its development operations in Israel, affecting various departments.",
    "location": "Israel",
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    "image_url": "https://st1.latestly.com/wp-content/uploads/2026/08/1-984475252-784x441.jpg",
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    "published_at": "2026-08-24T14:22:05Z",
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        "country": "Israel",
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    "article_sentence": "Memory chip manufacturer SanDisk has laid off dozens of employees at its development operations in Israel, catching workers by surprise given the company's booming financial performance."
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