Or get a clue? and actually learn to adapt to the changing market? diversify and grow with the rest of the industry.... spinning rust has been projected to be near dead for more than a decade... the ostrich routine worked fantastic! so did the acquisitions like lighting cigars with $100 bills
Steve -- Like a Boss!
Retrenchment is the biggest failure from a CEO who fail to do his job to deliver. The easy way out is to retrench.
HAMR is unreliable. that's what you get when you pretend solder is a viable mechanical means to fasten the LASER and it's mount to the head. all you HAMR-heads (engineers) can stop attending meetings and all the HAMR managing directors of HAMR can stop lying about it.
No, HAMR is the future. It will revolutionize everything. People will want it when they understand that the drives have LASERs in them. LASERs are neat. And fun.
HAMR is soooooooooooo close to being ready. Soooooooooo close. All they have to do is figure out how to make the heads and media work and last. The last umpteen years of work on this should be paying huge dividends (har har, sorry, no pun intended) any day now. And these drives will be oh so profitable.
Yes sir, we are gonna be doing so much winning soon that you'll be tired of it. Making Seagate Great Again.
No one believes in HAMR. Its a fairy tale told to keep investors hooked. They also need it to try to convince someone to buy the company so executives can cash out.
Our CTO, Mark Re? His job is to lie to the executives, the board, the investors, and the employees about the viability of HAMR. He's been doing it for more than a decade. He learned it from his mentor, Mark "the liar" Kryder.
Mosley did oversee a wonderful expansion of capacity upto 70M before he realized that he has to be the COO AND can't sell those extra HDDs - poor Dave .... I feel sad for him ...
And then there is our CTO - not sure what is his job description .... Does anyone have any clue ....
Steve is cutting the business because it is too big for the size of a shrinking HDD market. Seagate made nearly 60M HDD a quarter a few years back and is now at 37M. This means there is way too much capacity for the size of the current market, and the future market for HDD is projected to be even smaller. While I understand the pain and anguish of those who were on the RIF, my opinion is they need to cut even more if this company's capacity is correctly sized for the market.