Business atmosphere deteriorating further for STX. Dividend will be cut, lay off is imminent. I don’t have more information but not looking good.
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It's Seagate. Layoffs are always imminent...
Post source or bs
Layoffs are always imminent at Seagate. Dividends will only be cut as a last resort. It's the main thing keeping the stock price afloat. Some happen every year. It's just a matter of where and how deep.
I heard they are planning to outsource all of dothill to India.