1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

News Seagate to slash 6,500 jobs despite record shipments

Discussion in 'Article Discussion' started by Gareth Halfacree, 12 Jul 2016.

  1. Gareth Halfacree

    Gareth Halfacree WIIGII! Staff Administrator Super Moderator Moderator

    Joined:
    4 Dec 2007
    Posts:
    12,703
    Likes Received:
    1,973
  2. Jimbob

    Jimbob Member

    Joined:
    2 Jul 2009
    Posts:
    191
    Likes Received:
    1
    Good job they are getting rid of some employees otherwise how could they pay Stephen Luczo's near $3 million pay cheque or the $7+ million he received in stock and bonuses.
     
  3. rollo

    rollo Well-Known Member

    Joined:
    16 May 2008
    Posts:
    7,700
    Likes Received:
    99
    Hard drive sector is really struggling right now. Bonuses are based on profit not how many staff you fire.
     
  4. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

    Joined:
    23 Aug 2013
    Posts:
    4,744
    Likes Received:
    522
    So 14% of your staff don't need paying anymore, profits go up, bonus goes up. Logical, right??

    The HDD sector is slowly going to die out. Not for a good while yet, but it will.
     
  5. specofdust

    specofdust Banned

    Joined:
    26 Feb 2005
    Posts:
    9,568
    Likes Received:
    168
    Automation combined with a reduced requirement for staff per GB/PB/EB produced. Makes sense really. Cheaper hard drives is good news for us, bad news for seagate employees.
     
  6. Hakuren

    Hakuren New Member

    Joined:
    17 Aug 2010
    Posts:
    156
    Likes Received:
    0
    Considering that over 60% of failed HDDs world-wide are from Seagate I'm not really surprised. Selling rubbish in large volumes is still selling rubbish. You can trick somebody once or twice, but after that it's end of story.
     
  7. specofdust

    specofdust Banned

    Joined:
    26 Feb 2005
    Posts:
    9,568
    Likes Received:
    168
    That's a good point, I forgot about how bad their drives are. I had about 5 fail in 18 months. I'm a WD man now.
     
  8. theshadow2001

    theshadow2001 [DELETE] means [DELETE]

    Joined:
    3 May 2012
    Posts:
    5,164
    Likes Received:
    145
    Yikes
     

Share This Page