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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! Lover of bit-tech Administrator Super Moderator Moderator

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    Gareth Halfacree, 12 Jul 2016
    #1
  2. Jimbob

    Jimbob Minimodder

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    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.
     
    Jimbob, 12 Jul 2016
    #2
  3. rollo

    rollo Modder

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    Hard drive sector is really struggling right now. Bonuses are based on profit not how many staff you fire.
     
    rollo, 12 Jul 2016
    #3
  4. TheMadDutchDude

    TheMadDutchDude The Flying Dutchman

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    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.
     
    TheMadDutchDude, 12 Jul 2016
    #4
  5. specofdust

    specofdust Banned

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    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.
     
    specofdust, 12 Jul 2016
    #5
  6. Hakuren

    Hakuren What's a Dremel?

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    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.
     
    Hakuren, 14 Jul 2016
    #6
  7. specofdust

    specofdust Banned

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    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.
     
    specofdust, 15 Jul 2016
    #7
  8. theshadow2001

    theshadow2001 [DELETE] means [DELETE]

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    Yikes
     
    theshadow2001, 16 Jul 2016
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