Very glad I sold my stock when I did. Wow this stock has dropped. Anyone else feeling the insane push from management? It's been brutal in our team.
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@2rg this house of cards is tumbling. That overinflated stock was bound to crumble, this company has no next move and was relying on AI.
the price will just drop drop drop, congrats on letting China win the AI race....you know the team of three is getting on air frost one to plan their next move.
so correct. HAMR is 20 years old
@2q8 You mean the stock price that was overinflated by data center demand? That is a house of cards that has no solid foundation. But since your a fan of fa#ism, there are other countries that might take you in.
Yup, sold a few weeks ago after the Toshiba announcement and increased odds of Dems taking control. Congrats to all the STX shareholders that voted Democrat. You deserve the drop in share price.
@se it's almost Friday but could be interesting timing right before earnings next Tuesday. Let's see if something announces tomorrow
@b5 layoffs coming very soon. Should be announced this week. Stay tuned.
Would they target people with very high unvested RSU total? If laid off all unvested RSUs are wiped out and Seagate can reduce stock dilution pressure. A large number of people unexpectedly for the company are sitting on over a million potential of sell pressure. I can't rule out Seagate making those kind of cold heart money calculations. Everyone is just a cost entry on a ledger to finance. Too much healing.
What does coming soon look like based on these directors information
I’m looking to buy this drop next week. Be greedy when others are fearful and such. Layoff could be pre-announced at earnings call. I was thinking it would be 2027 but this company just loves layoffs so much it might be early. For tax reasons early 2027 is much preferred. This company has done a layoff at least once per quarter for 2 years. Why would they stop now.
Push to do all the tasks from the first layoff and even more. Feels like there's been so much more work outside the responsibilities signed up for. Also leadership just feels more tense lately. Rumor layoff is always. I've heard some strong talk from some trusted senior directors that the next is coming soon.
What push from the team ? You mean push to do more tasks etc ? Any rumours of any layoffs in future ?