Some managers are already notified today. Next level to be yomorrow! Wish best of luck for those affected by 4/14 reduction plan.
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the rif is going to be huge. wd already announce it is going to save over 400 millions through headcount reductions. do the math, it is going to be ugly my friends.
The 35% rumor comes from the worldwide employees. Do the the math; Seagate & WD have roughly 40% ish market share (WD seems to be always 2% higher).
Worldwide employees for Seagate = 50K and Western Digital = 75K.
There is a lot of redundancy now post HGST merger. Both companies were vertically integrated and had multiple campuses doing the same thing. I know of a few groups that have 4 campuses/factories manufacturing/producing the same part of the process, be it in heads or media division. Probably a lot more I'm not aware about.
4/14 one will be across groups. But I am not sure the 30-40% cut is accurate or not. One source told me it's going to be dramatic.
people talk in the hallways, im sure it's an accurate guess..if they paid me to keep my mouth shut i'd do it, it's not hard to not spread rumors
Don't be disturbing my turban man , I am Indian ....pakistan number 1
Where is this coming from? Does someone have inside information?