1 billion in notes being floated by Seagate to help pay the previous UnsecUred Notes. Kind of like Credit Card balance transfers but for your Business when you s$ck at money management.
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Buy back more stock Dave. Buy back more stock. Borrow and buy back more stock. That’s where the true innovation in this company is.
Yep, these debt notes make the news but hundreds if not thousands let go yesterday: Crickets.
All I see at this point is those that were RIFd got the better deal. I don't think the next layoff is going to offer a severance other than a recycled cardboard box (to carry your stuff out the door) with the words Cub Foods printed on the side.
https://www.businesswire.com/news/home/20230522005784/en/Seagate-Announces-Offering-of-Senior-Unsecured-Notes