Another one is coming this nov and dec to end a good year for Seagate. Manpower will be squeezed ,merging of department so staff can handle more areas, expected to be more multi tasking needed. Dont expect increment for the next few years.
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@6wme+1pbSHkQU both need to start anew, not swap
Isn't there some retired CEO from a long defunct drive company we can coax out of his care center? PrarieTek, Microscience, Quantum, Micropolis, Miniscribe....anyone? Anyone? Isn't Finis still alive?
I made a perfectly reasonable offer to trade our (WDC) CEO for yours and the offer stands. #ourceoisworsethanyours
The LCO core team lead is unavailable at the moment, as he is laboring to pull Seagate's future out of the black hole it fell into.
LCO core team lead have an opinion on this?
@4tat+1pbSHkQU about sums it up
I agree. HAMR is just another high capacity drive. If you think customers are going to reward us for the amount of R&D that went into it by paying us a premium, think again. They'll play off WD 28TB drives against it which will buy time for WD to catch up, and then it's trench warfare all over again. Meanwhile, Lyve and SSDs are a joke. Customers would rather take less density than pay one supplier a premium because that's how they control the HDD market. Entire procurement teams have as their mission to keep HDD GMs below a certain amount so they have money to spend on AI infrastructure.
256 TB SSD by Samsung.
Saw it Friday at the Tech show.
https://www.anandtech.com/show/20007/samsung-teases-256-tb-ssd-3d-qlc-nand-at-its-best
I doubt HAMR can ramp volume for years due to halted investment that has to be made years in advance. NRM expansion mothballed. Lower volume, higher capacity, lower profit per terabyte drives won't save Seagate from continuing to have revenues shrink and debt service take an ever larger toll on profits. It's a debt zombie company now just kind of floating along and surviving. I don't want to leave without my sweet going away package though. If you are under 40, what in the world are you doing languishing at Seagate for? There's zero opportunity for you. Act accordingly.
When I was there, I always monitored the HR page to make sure the severance was still published. As long as it is, I imagine anyone cut will get it.
Getting HAMR shipping fixes nothing. A larger capacity drive just futher reduces unit volume while we try and outrun SSD. HAMR was never about saving the company. HAMR is for Fat D to convice the board and the street that he has a plan so he can hang around longer and cash out more options.
This is actually the true strategy of all the remaining management. There is not a single viable long-term business plan that any of them believe in. The real plan is to su-k every last dollar they can from this company, its shareholders, and remaining customers and suppliers until the whole thing flatlines.
@emp+1 What’s left of our coworkers are of high seniority so it stands to reason those folks are hoping on a severance package. Many of our departments have been cut well beyond repair or restarting at NRM, I’m guessing it’s the same at our other locations as well. If any serious problems pop up at our manufacturing sites don’t expect any quick fixes or help from engineering teams that no longer exist. In short we have no one left to maintain the HAMR process if it ever takes off. Plan your future accordingly.
why are we waiting for like a herd of sheep, take control and do something about it
I was expecting the LCO comment. Haha! I don't work at LCO! There you go!
@lpq+1pbSHkQU 60 hrs a week, you must be joking. I am from LCO , no body works beyond 4pm here.
Every layoff warning posted on this site has been correct. Pretty good track record I think.
Gawd the OP knows nothing. First off.. very obvious mo--n, 2nd off who would tell this pinhead anything? No one is the correct answer!
You mean I may not have to work 60 hours a week and available 24 hrs. a day for cr-ppy pay and benefits anymore? Oh my. I might end up with a different company that gives me more than a pie for a bonus and raise. Buddy at a company across the street got a 5% raise this year. I don't give a rats a-s if I'm Riffed!
Where do you come up with your fake news? Is it auto generated? Do you use chatgpt? Or do you sit in a dark room surrounded by clown dolls thinking of ways to bs everyone?
Fake news…we should stop this fear of false news
High level severance will come next Jul/Aug. low level severance will come sooner.
@yol+1pauX5ab already updated on "Earnings report on 10/26" thread, STX no longer have $$$ for the severance, ALL are safe coming year end dude!