Word around our site is that a hotshot named Beresford from the Fremont facility will be taking over Re's position as CTO and will be ushering in numerous new-technology platforms which will stabilize the company's product portfolio and bring long-term profitability. It's about time too!
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Seagate Asia: Suzhou factory will be shut down, that has been going on for a while.
In general, if you look at last QTR results, the forecasts of the industry + the stock performance; something MAJOR has to happen.
Probably punished for holding back on the helium drives, 8TB disasters and not getting the 2TB mobile drive out the door.
How about asia seagate? Layoff happen also?
Beresford is a Managing Principle Engineer. Doesn't make sense for him to jump to SVP/CTO.
Layoffs actually underway according to HR
"Layoffs happening next week..." Speculation or from a reliable source?
Like shifting the deck chairs on the Titanic!
Too little too late? Layoffs happening next week at earliest.