SanDisk is about to announce job cuts of around 15 per cent of its staff – or between 450 to 500 employees.
Quoting unnamed industry sources, Engadget reported today that the job losses were to reduce costs following a USD $155 million Q3 loss and sales that have sunk by 21 per cent year-on-year to USD $281 million.
SanDisk has just announced a new technology that will allow solid state disk (SSD) drives to perform up to 100 times faster than they can now.
Called ExtremeFFS (Flash File System), it will accelerate random write speeds by up to 100 times over existing systems.
The technology will appear in SanDisk SSD drives from next year.