News Seagate to Cut 3,000 Jobs Amid Poor Quarter, Charges of Export Violations

[Admin]

Seagate has poor quarter, will cut 3,000 jobs and production of HDDs. The company also faces charges from the U.S. Dept of Commerce for violating export bans to China.

Seagate to Cut 3,000 Jobs Amid Poor Quarter, Charges of Export Violations : Read more

 

[Amdlova]

The scandals of smr and cmr drive make people lost faith on hardrive companies, no one builds a computer anymore with hard disk. And the cloud got dirty cheap to invest. Seagate and WD rest in peace.

 

[hotaru251]

WD rest in peace.

you know WD makes m.2 ssd right?

 

[Amdlova]

you know WD makes m.2 ssd right?

Yes, but have another 300 company to take your share lol

 

[cyrusfox]

Like Tapes and others, HDD is cheap reliable longterm storage, likely to continue to diminish but here to stay (Unlike VHS and floppies).

 

[bit_user]

no one builds a computer anymore with hard disk.

Cloud & datacenter still place the vast majority of their data on HDDs. SSDs are not suitable for cold storage and still offer inferior $/GB.

Like it or not, we depend on HDDs for the foreseeable future.

 

[bit_user]

I'd love to see a comparison of Seagate's sales volume vs. WD, over the same time period. I wonder if Seagate might get disproportionately affected by demand slackening, due to its inferior reliability (i.e. according to my experience & BackBlaze's data).