Thread regarding Seagate Technology Inc. layoffs

I don't work for WD, working at STX and like it here but this place is so poorly run and sick of the lying messaging of execs to employees. Plus my career like many is going nowhere during this shrinkage and constant layoffs.Hopefully I will start my next job by end of August and get out of here.

fsbi - I don't disagree with you. My point is for any WD person coming on here and suggesting they have a future just because they are tied to NAND. They are at the mercy of the foundry because they have none.

I suppose WD could have just stayed an HDD company and be guaranteed an end to the company and slug it out with stx for the tape market. Instead they are going to try and compete and have a future. It is strange for us at STX to appreciate a company for having a vision and working to achieve it. What is STX s vision? Give money back to investors and executives and lie to employees about the future of HDD. That sums it up.

Yes fzbd, you are correct. NAND is the future, for Samsung, Toshiba, Micron, Intel and all the other established foundries. WD came along for the ride on paper and will keep getting squeezed until they cave and sell their interest out to one of the real players.

It is not fake news that NAND is the future. WD took on debt to be part of this future and Seagate has bet it all on HAMR and chose to give all excess cash back to investors and executive s. I would bet on NAND regardless of these HR or Management stx trolls say on this forum. Your words cannot change technological progress or erase the billion dollar mistakes of STX.

What would do with a brain if you had one ? You bozo ! Go back to were you came from !!!

That is the wrong metric. It is future potential vs. dead company walking.
See how easy it is. You are welcome.

ZXepBRg-cled,
Intead of using your brain to make-up fake news, try actually using it to analyze real data. I know this will be hard for you, but I'm here for you bro.

Simply find the profit to debt ratio for both WDC and STX. You will notice WDC has a worse ratio.
This is what real people call "propping-up".

See? That's how it works.
Have a good life.

It’s been made super clear on how stakeholders rank at Seagate
#1 Executive employees.
#2 Shareholders. See #1 for largest individual holders.
Exponential drop in concern from here down.
#3 Formers executives still on payroll just because.
#4 Customers
#5 Suppliers
#6 New grad employees.
#7 All other employees.

WD is down but not propping up the stock with high dividends and buybacks fueled by debt. See how that works. Plus they have a future through NAND and in a few years when HDD fully transitions to ssd they have a seat at the table while stx battles with the tape market. See how that works...a company with a future compared to a company that lies to it's employees and investors.

Yah, lets compare Seagate to the "broader market", which include the likes of Microsoft, Lockheed Martin, and Beyond Meat.
When comparing stocks, you might want to look at similar industries.

Well isn't this interesting.... looks like WDC is down over 30% in the same time frame.

See how that works?
You're welcome.

You are the few noobs around, who even bother about all this.

At its best, if you want to ride on speculation, but then there are still better trade option.

What is new is the CEO pretending and saying the company is set for growth, why the company borrows extraordinary amounts of money, then pays themselves bonuses on top of high salaries and options after an abysmal fiscal year, while we know the company is just going to continue to shrink and shrink and that's why employees need to look out for themselves, just like the executives are.

You obviously haven't been around long enough to know this is not a growth stock. Play the annual cycles, been this way for 20+ years now.