Thread regarding Seagate Technology Inc. layoffs

All quiet

This venue has been very quiet lately. Does that mean everyone loves their job and there is no worry of being let go?

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Post ID: @10hfQ3vR

17 replies (most recent on top)

When you say data storage market trending it is obvious you do not say HDD market. Nand is taking over and expensive hamr will make nand even more attractive. Listen to the earnings call, stx will be a 9 to 10 billion revenue company in 2020. Look at the size of the layoffs last quarter and 63 million spent on the layoffs in 1 quarter. As revenue decreases layoffs and site closures are the only way to keep paying the dividend or with debt if anyone will lend this company money.

You are better off making toasters if you think you can compete with the Chinese.

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Post ID: @10hfQ3vR-5rtd

Demand for storage will trend positively with data business. Storage business are more than just laptop/desktop market.

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Post ID: @10hfQ3vR-5qjl

Geez, I don't think things are that bad when a bunch of drunks are the only ones posting.

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Post ID: @10hfQ3vR-5iee

Yep, Seagate drives failing. Company orbiting the drain, like a spinee drive. That's the nail in the coughin. Keep coffin'.

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Post ID: @10hfQ3vR-5dzh

But Seagate drives fail all the time. Why would people buy them?

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Post ID: @10hfQ3vR-5qzk

It dun will collapse. Seagate collapse, rot it from de inside.

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Post ID: @10hfQ3vR-5eat

So,... 4uys and 5tyf. Apparently, you’re the same WD id–t? Join Seagate, or don’t.

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Post ID: @10hfQ3vR-5imm

Can’t wait for the Seagate quality toaster. 10% failure rate and still the best a man can get

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Post ID: @10hfQ3vR-5tyf

The toaster strategy is better than the company's current strategy, longer term, and highly profitable with your business acumen. Based on current quality metrics you and your MN buddies might be better at toasters than hard drives, give it a try.

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Post ID: @10hfQ3vR-4uys

4gok you’re still an id–t. Toast be breakfast. Want to store something? Most do. Else, Seagate could create and sell a $150 toaster for $2 dollars, and still make a huge profit.

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Post ID: @10hfQ3vR-4iti

That's funny what you wrote, in other words Consumers value hard drives as much as a toaster. These geniuses will be designing toasters in a few years when stx is toast!

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Post ID: @10hfQ3vR-4gok

1lyb, you’re an id–t. Hard drives are the most complicated -single device- made in the world. Period. And, they’re sold, for the same $s as a high end toaster. Also, the density of highly skilled, highly educated people at Seagate, far exceed 3M, HP, and IBM. It’s not even close. I know that, because I’ve worked at each. Lastly, my friends hiring around the TC, love Seagaters. Why? Because they kick a–. The End

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Post ID: @10hfQ3vR-3iba

STX is not viewed as cutting edge with great talent plus it is old technology. not highly desirable to have on resume. this why most are hanging in there at stx and waiting for package.

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Post ID: @10hfQ3vR-1lyb

Can I take it that most of people can not find a higher pay job?

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Post ID: @10hfQ3vR-1cdd

Would you be worried with a years pay in the bank and no debt? Stop being stupid with money. Cut up your cards drive a beater car and live “Seagate poor” like the rest of us that are forced to build a war chest to compensate for zero job security here

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Post ID: @10hfQ3vR-dno

Just leave. Staying there is not worth it !

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Post ID: @10hfQ3vR-jqz

Why worry so much? When your time it’s up, it’s up. Just do your bloody work & stop expecting Seagate gonna collapse one day, that one day might be another day

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Post ID: @10hfQ3vR-cly

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