Any knowledge of the potential impacts breakdown by location?
I'm interested in this too. Maybe someone has some info?
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I would expect the slips to hit not too long after 10/5 once the dividend is payed out. Cash is getting really really short….
Any idea of the date for the Fremont site?
Yeah, the additional demand/inventory reduction communicated to suppliers is telling that a 25% is actually feels realistic. But the dividend will be paid day after tomorrow. Hooray!
Holy moly. Welp. It’s been fun.
That much?
Which org?
Hi. It's me. I'm the guy who posted in August that the economy was collapsing soon and everyone should expect to get laid off. I think I mentioned that 50% of the company will be gone by 2024. I was mocked by some. How ya doing? Just checking in.
Layoff of 1/4 would be the largest layoff in the history of the company and a clear sign that the whole thing is collapsing.
LCO is lookng to be hit over the next two to three weeks. Rumor in management is a 25% reduction.
Seagate has peaked. Final act has commenced. Once customers reject HAMR and resume orders of the last 20TB model, we become a true commodity business with associated downsizing every year.
There was another post sharing the volume shipments will go down drastically and likely not recover that much, regard less for us or WDC. Hard to tell but other than cloud don't expect much recovery from that historic low.
So, if you are not part of the team directly working on the 30TB+ units forget about it. What new products are on the now super-slim roadmap? We just don't have 10+ new products per year anymore, those times are over. R&D, Reli, MSL - their busy work is now mainly to check out new 'cleaner' materials, trying to stay complaint with RoSH, REACH, blabla etc. whatever new regulations...that keeps them busy. Thank the E.U. you still have a job.
It's that bad.
We'll go from the 'virtual design center' to 'ghost town'.