Thread regarding Seagate Technology Inc. layoffs

We need a new, strategic CEO

It might be too late but the board should fire the CEO immediate and install a strategic CEO who can point the company in a direction that is not a hard drive. Then, fire all of the direct staff of the CEO, maybe keep some of the new ones but all the Seagate lifers have to go, they do not know how to transform the company. What to do? Wait it out and hope this difficult change will happen, or take control of your career and move on because it is 1 in a million that any of the above happens. Seagate does not care about your career and just their paychecks, move on.

Originally posted by @ZrPgZba-9qqt. I agree completely.

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Post ID: @ZC2S0UP

13 replies (most recent on top)

To fire senior staff and do what is good for the long term interest of the company (and workers) is not the Seagate Way (abbreviated SW, which stands for Seagate Way.) SW dictates that it is best (for top mgmt) to drive the company into the ground and extract the maximum amount of wealth, then dropping the husk of unemployed into the garbage can like rancid, useless filth. Or something like that. Not that I have an opinion or anything.

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Post ID: @ZC2S0UP-dued

There is no strategy, except greedy managemet pigs cashing in while the company goes under !

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Post ID: @ZC2S0UP-buob

You people are nuts for putting up with all that b---s--- at Seagate !

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Post ID: @ZC2S0UP-arft

Why all the doom and gloom.Everything is so positive here in Seagate Londonderry.More people employed in the last few months.Numerous job opportunities and an amazing feel good factor about Seagate as a whole.

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Post ID: @ZC2S0UP-adlc

Who would want to sell hard drives, like selling ice to Eskimos

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Post ID: @ZC2S0UP-ajup

Sales EVP is taking responsibility for ceo failure and leaving company.

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Post ID: @ZC2S0UP-9dad

Why do we need a strategic CEO when we have a CIO who has failed in this role over the years leading strategy? Why worry about the future of the company?

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Post ID: @ZC2S0UP-6oct

If Al could return from the dead, he might be able to save Seagate, but I doubt it.

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Post ID: @ZC2S0UP-6xfa

Spinning disks are not cheap and that is the problem. HAMR only increased the costs and breakeven will be many years in the future. Don't believe the CEO spin doctor and the illusion he is creating. Cheap China NAND will make the problem worse

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Post ID: @ZC2S0UP-2esb

So the many MANY large cloud providers do not want high capacity, cheap spinning disks. Jog on mate.

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Post ID: @ZC2S0UP-2xjf

It is not easy as the poster describes. It is complex and goes beyond foundries and systems. With cash flow stx used to have it could have had many opportunities in many markets. A strategic CEO who is open to non storage growth could have done a lot to make stx successful instead of slowly giving all cash to investors and sending the company to unstoppable decline.

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Post ID: @ZC2S0UP-2lvr

Firing anyone will not matter, Seagate is over !

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Post ID: @ZC2S0UP-2ijw

It's all so easy from the comfort of your recliner. What is your vision? Chips are dominated by huge foundaries so that is even pointless to start talking about it. Systems? Well didn't they already try this several times?

The reality is this company excelled at financial engineering for so long that they are not willing to start exposing themselves to more debt on a hope and a prayer. The upper crust is dominated by executives who have no incentive than to protect their stock price. The shareholders could have shook this tree years ago but they are getting theirs too. You might as well just quit and go someplace else or stop whining.

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Post ID: @ZC2S0UP-hwk

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