Bonus also coming
6 replies (most recent on top)
No innovation anymore, only survival until the stock plummets and company is sold off or closed down. Enjoy the ride !
Layoffs today
I won’t move state. And today and tomorrow many will go. So sad
What kind of company would drop revenue by $700M over 2 quarters, miss the annual plan by a mile, and then payout bonuses? More debt, more debt, more debt. Keep around the peasants with some sc-aps while the execs justify paying themselves millions in bonuses. The difference is that when the next recession hits they have millions to fall back on, then they layoff thousands and the peasants will be looking for a job with millions of others.
The US has not been in a recession since 2009, just look back at how STX reacted to the last recession and then think if your job is safe. Think further, do you think HDD is growing or shrinking? How does HDD and a negative growth company look on your resume, especially when compared to others? Are you ready to move states to secure your next job during a recession? The time to get a new job is now while the job market is good, not later when the execs at STX dispose of you during the inevitable recession.
Don't count on any of that, they are likely to just layoff more people so they don't have to pay it out ! The same goes for stock options, RSUs, etc. That is all just a carrot to kept you around until they want to get rid of you.
Aren't they one and the same?