Thread regarding Seagate Technology Inc. layoffs

1. Hiring a new CEO

GoPro founder and CEO Nick Woodman can't be ousted, since he's the top shareholder and still owns about a third of the company's shares.

But under Woodman's leadership, GoPro leapt into new markets -- like media content, VR, and drones -- without doing enough due diligence. Those efforts all flopped, leaving GoPro stranded in the saturated action camera market it was trying to escape. The launch of the Karma, which was hit by an embarrassing recall, is symptomatic of GoPro's execution issues under Woodman.

I see some similarity here on Seagate.

by
| 2671 views | | 21 replies (last January 21, 2018) | Reply
Post ID: @OP+RgAlZKR

21 replies (most recent on top)

HMB knows everything. . . . . . . . . . . . . . . . . . wrong.

by
| | Reply
Post ID: @5cdh+RgAlZKR

@5qxu

Hold My Balls is with the dark side. May the force be with you to fend him off.

by
| | Reply
Post ID: @5fiq+RgAlZKR

Who is this Hold My Balls guy and why is everybody so enthralled with him? It appears he is able to set you off with hardly any effort. Kind of funny.

by
| | Reply
Post ID: @5qxu+RgAlZKR

Being a successful model employee in the company, I also kiss and polish my boss’ balls. I got patent bonus even the company said no more useless patents filings. Don’t tell anyone I am still getting stock options, not ESPP you losers get. Of course I have to fend off any negative on this site because I got too much lose.

Now, everyone Hold My Balls and I will kiss your balls or female equivalent.

by
| | Reply
Post ID: @5npi+RgAlZKR

I want to apologies! That was not me! I'm so sorry for what I've said a few mins ago because I don't know what happen to me?! I better bang my balls harder!

by
| | Reply
Post ID: @5qha+RgAlZKR

Actually, I LOVE to belittle you guys.

Nor am I afraid of losing my job. I could have taken the early retirement package the was offered 6 or 7 years ago, but I declined as I really enjoy coming here and dispelling all the fake news.

If you had a brain worth being employed at Seagate, you would have figure that out by now.

The real Hold My BalIs believes that Klingons (you know what I mean....those little turd crumbs that stick to the hairs on your a--, and/or Seagate employees that contribute nothong) need to be removed.

The patents in my name and the success I have brought to several high tech companies over the last several decades pretty much dispells what 4ejm has to say, how little brief.

I'm told being imitated is the best compliment, so I will rest tonight knowing that I have reached true stardom. Thanks guys for making my day. You are the best.

Nothing but love, nothing but love.

by
| | Reply
Post ID: @5yzi+RgAlZKR

I have something to confess. I am terribly afraid of being retrenched and lost my job. But I don't want to face this reality so I come here to belittle you guys who are truthful with your feelings. I have sin and I am a failure. I am very sorry to act childishly in front of you, the mature readers. I am truly sorry. Please forgive me.

by
| | Reply
Post ID: @4fft+RgAlZKR

I am an idiot, baby.

Signed HMB

by
| | Reply
Post ID: @4ejm+RgAlZKR

4og1,

My co-workers and I feel neither miserable nor uncertain.

We feel quite secure in the knowledge that the current leadership is doing just fine.

Nice speech though. You might want to look into joining the Toast Masters club. They are always looking for people that can make toast.

Mmmm.... toast.

by
| | Reply
Post ID: @4bms+RgAlZKR

The crypto 'investment' is really crap and has totally nothing to do with hard disk business. The management has lost their directions and foresight those that previously had had.

by
| | Reply
Post ID: @4epz+RgAlZKR

Wow, the company can actually make nearly a third less drives after cutting their staff? Your easily impressed, baby.

Am I surprised that the areal density is going up? Not really, baby.

The fact that you dismiss the units sold and concentrate on total storage capacity is the standard bait and switch of HDD executives who want to hide the fact that their market is steadily shrinking.

You're completely ignoring the fact that Seagate employees are feeling miserable and uncertain and that the current leadership is doing nothing to address that. The executives are making meaningless investments in crypto-crap like Ripple to give the stock a pop, because they are completely bankrupt in ways to grow the company in a meaningful way.

Shugart's dog could have done a better job of growing Seagate. The current leadership isn't qualified to run Shugart's bar, let alone this formally great company.

by
| | Reply
Post ID: @4ogl+RgAlZKR

40,000,000 units produced with lower head count, lower material cost, and improved operating efficiency (thus the ever-improving dividend).

And you might be surprised to learn that the storage capacity per square inch on the disc has actually been steadily increasing.

You look surprised.

Wait...Someone on this site told you Seagate just keeps adding more heads and discs to make larger capacity drives and you believed them? Don't you feel stupid?

Bytes, units, it doesn't matter. They are both used to show company performance. If you can't see that then you are just trying to be negative for the sake of being negative.

All you have to know is Success is just another way to spell Seagate.

Next quarter it will be 100 exabytes, baby. 100 exabytes.

by
| | Reply
Post ID: @4edu+RgAlZKR

Exabtytes....big deal. That is sticking another disc and heads into a drive and bragging about your bleeding edge technology, all smoke and mirrors.

Bleeding edge is reducing component count while maintaining factory capacity in units. Too hard for you to grasp I guess.

by
| | Reply
Post ID: @4ews+RgAlZKR

People who don't understand that financials depend on number of units sold and not the storage capacity count exabytes... baby.

You must be in Seagate finance.

by
| | Reply
Post ID: @4rqw+RgAlZKR

Huh. I could have sworn I said "88 exabytes, baby. 88 exabytes."

Here you go: 88 exabytes, baby. 88 exabytes.

by
| | Reply
Post ID: @4xrq+RgAlZKR

No, you were making hay over units HMB. Now you are changing it to exabytes. You must get your spin lessons from Trumpet.

by
| | Reply
Post ID: @4jgr+RgAlZKR

Correct. 58 million, at under a terabyte each.

I believe that was with roughly 8,000 more people than they have today, a larger factory footprint, and a smaller stock dividend

Thanks for proving my point.

88 exabytes, baby. 88 exabytes.

by
| | Reply
Post ID: @3anf+RgAlZKR

Yes they were 2zin. But that would all be fake news to HMBalls.

by
| | Reply
Post ID: @2yhv+RgAlZKR

Wasn't Seagate selling 58 million drives per quarter just a couple of years ago?

by
| | Reply
Post ID: @2zin+RgAlZKR

@iwsm, if you are content with "That's 444,444 hard drives a day, you silly goose.", you will be thrilled how many drives seagate used to crank. if you are good at math, you should join seagate mining.

by
| | Reply
Post ID: @1nla+RgAlZKR

I don't.

Was there a Seagate recall that resulted in one of our hdd products to be taken off the shelf for 3 months? Nope.

88 exabytes, baby. 88 exabytes.

That's 40,000,000 drive units.

A1ZKR, you look mathamatically challenged so I'll help you with the math: That's 444,444 hard drives a day, you silly goose.

Gopro stock was $9.00 a year ago. Today it is $6.00. See the similarity to Seagate? Nope.

by
| | Reply
Post ID: @1wsm+RgAlZKR

Post a reply

: