http://www.streetinsider.com/Corporate+News/Seagate+Technology+(STX)+EVP+Rocky+Pimentel+Terminated/12101338.html
This is not a good sign.
6 replies (most recent on top)
Another cut next week
I think the number of people leaving on their own might be slowing things down.
Some budget savings area ready happening so perhaps they won't need to lay off as:
-Enough employees have already quit and are continuing to do so.
-In the US, a required winter furlough of 7 days over the Christmas break is required
calm water does not meant there is no crocodile underneath!
Things have definitely calmed down. No more layoffs for another 3 years at least.