very interesting thread, inventory writedowns will be according to US GAAP. In contrast to IFRS rules, there is no reversals afterwards. In manufacturing there are too many variables for an outsider to accurately measure it. Even the auditors have to follow management guidance.
Bloomberg article is pure speculation driven by short sellers to further lower the stock price. Journalists are unsophisticated maquettes of money managers.
Will there be an inventory writedown? Possibly, it's academic argument at this point but the severance costs will be certainly larger.
