2008 to 2011 was rough. However, storage hungry companies like Facebook, YouTube, Twitter, etc… were growing and needed storage to support that growth. We took temporary pay cuts to keep our jobs. I don’t think those options will be available during this recession. This time, everything will be down and it will be brutal. GLTA.
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Correct. Pretty much expect to be laid off with half the country as the economy collapses and inflation stays high. This is going to be a global Great Depression. Did you think government irresponsible policy for a decade would have no consequences? You will find out.
And here we go...
Seagate lowers production and sales forecasts amid weakening economy.
https://www.theregister.com/2022/07/22/seagate_q1_2023/