"Cloud Storage Market worth 65.41 Billion USD by 2020"
With that kind of demand, I'm confused as to how a relatively 'Small' PC Market segment could impact these companies to the extent it's already done and continues to do so.
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Realistically, if they would just cut redundant and unnecessary positions, roughly half of management, and some of the legion of assistants across the globe, there would be next to no impact on the company.
It will be the end of June before numbers are known. It seems springtown needs to get rid of managers/directors instead of the workers reading the reviews
From what I've read on glassdoor.com about the Springtown site you would probably get crushed in the rush for a lay off package. Is it really that bad there?
You'd be amazed at how many at this site would take redundancy......the aforementioned meeting is a quarterly meeting we get all the time.......not worried in the slightest...no profit share, no pay rises ....again.... blah de blah ... 4 weeks for every year , where do I sign and cheerio.
Pure Storage is already knocking them out of the ball park there.
I agree with you that the public will need to store their data somewhere hence Seagate's new 7mm 1 and 2 terrabite external drives . Run your desktop/laptop/notebook operating system on a ssd and store all your photos, videos and films on an external drive. However because the hdd is not being used as the internal drive its lifespan is longer and does not need replacing when the user upgrades their desktop/laptop/notebook. This means the TAM for these external drives will not replace the loss of the desktop/laptop/notebook market. Both companies were hoping the other two markets Cloud and Enterprise would take up the slack. The Enterprise market has not increased over the last 3 years. The mission critical end of this market however is now 25% ssd. Why the cloud hasn't taken off as predicted is somewhat a mystery to both companies. They are now faced with a problem. How far do they restructure and downsize. Too little and they sink. To much and should the cloud take off as predicted they will be left unable to cope with the demand and loose market share to the opposition. Dammed if they do and dammed if they don't. You can mothball manufacturing plants and assembly lines but you can't mothball staff. Both companies are sailing through shallow waters one wrong move and their grounded.
@Anonymous (who posted earlier): Even if someone doesn't trust storing info on (I assume 'public') cloud, they would still need Disk Drives to store their info somewhere. As for Enterprise data center related comments, whether the info is stored within the data-centers or in cloud (someone else's data-center), that still need drives to store the data, right? So, with projections being that in next few to several years there won't be enough storage to meet the demand, should work in favor of these companies.
Funny our vp brian burns is getting new post away from our site always was golden boy. Big worries at site product piled high in buffers going nowhere how long can this be funded.all staff site meetings this week is there bad news coming??
@Confused..The problem is that these predictions are assuming that businesses and the General public will start storing their info onto the cloud. However here's the catch. The General population don't trust the security on the cloud. They have seen too many news articles regarding celeb photos and videos of a personal nature appearing all over the internet. As for private companies and other institutions both private and government they currently use local data centres (small server centres held in house otherwise known as enterprise storage). These in house centres require a lot of maintainence and a small army of IT staff. For everyone using these Enterprise data centres to move to the Cloud (saving on IT staff and other associated costs for a fixed monthly fee) you loose that portion of the Enterprise market. So what you gain in Cloud storage you loose in the Enterprise market. The size of the storage market is not going to increase as much as Seagate and Western Digital would like it to it's just going to move from one sector to another. You might find this link interesting reading http://www.biztechafrica.com/article/seagate-storage-cloud-launch-south-africa/10821/#.VztaXGjTXMJ
Seagate trying to spin anything they can to get their stock up. I heard upper management is in Southern California all week to plan a huge layoff.