https://fortune.com/2023/05/15/mass-layoffs-terrible-for-shareholders-cost-saving/
4 replies (most recent on top)
@xyw+1mDn1vPb Um, this is happening now…6 months of pay cuts for managers (8% cut) all the way up to CFO/CEO (100% cut)… & no raises, no bonuses.
Forget this company ever doing stuff that is best for everyone. They are simply going to do whatever it takes to please the big shareholders. Never mind that HAMR will have more startup challenges due to axing the very people involved with it's ramping to volume.
Many years ago, 90s?,when Hewlett Packard was 'going through a rough patch' everyone in the company, everyone from CEOs and board of directors down took a 25% pay cut. Do not expect anything like that to ever happen with Seagate.
This should be common knowledge. Sadly, it's not.