Thread regarding Seagate Technology Inc. layoffs

In realms of corporate towers high,
Where power's held, with watchful eye,
There lurks a CEO, out of touch,
Whose greed and folly, none can clutch.

A lousy leader, heart grown cold,
Their soul consumed by lust for gold,
They care not for the workers' plight,
Their hearts untouched by human plight.

In gilded halls, they sit aloof,
Unheeding of the laborers' proof,
Of toil and sweat, and hard-earned worth,
Their vision clouded, void of mirth.

While workers strive to keep the wheel,
The CEO's demands, they feel,
An endless thirst for wealth and might,
Their empathy, a vanishing light.

With arrogance, they count their gains,
Ignoring others' cries and pains,
Blinded by their self-made haze,
In shadows of disdain, they gaze.

But storms brew fierce in destiny's hand,
For hearts of greed shall face the brand,
Their reigns shall crumble, brittle and frail,
As truth and justice shall prevail.

Yet let this tale be a warning told,
For leaders who in greed grow bold,
To lead with wisdom, empathy's touch,
Or face the fate of such, out-of-touch.

I remember when a former CFO explained that company was not overleveraged because it could still borrow more money if they wanted to.

Not any differnent fhan saying, "I can't be an addict, look at all these dealers that will still sell me dr-gs."

If you go back just a few years the overall debt was around 4 billion. It's now 6 billion. Leadership failed to take account of risks and funded dividends and share buybacks when they should have cut those. The lie of exabyte growth somehow turning into Seagate growth has been manifestly false for a decade now yet still they push that narrative. Our customer base has also narrowed massively over 10 years which is an obvious risk that was never addressed. Because of d-mb decisions and lack of real leadership Seagate will be financially distressed for years to come and might even become insolvent.

Honestly it's a major achievement that Seagate even exists in 2023. How many hundreds of drive manufacturers have died during its existence? It's not like its core competency was ever solid state manufacturing. It's Kodak and Buggy Whip manufacturers in the 21st century. They're still around, but no one really cares.

The audacity of the CEO and Board to STEAL earned and rightful pay from struggling employee families AND CHILDREN so they can continue paying themselves and their wealthy investors dividends is beyond the pale! I worked that pay for my family and children! ARROGANT AND SHAMEFUL!