Disk drive company Seagate has had their debt downgraded to junk status. High quality junk, but still junk. Seagate is known for being management top heavy. Perhaps they need to take a look at the graph below before they start their rumoured 20% downsizing.
Graph blatently stolen from the semi defunt blog Creating Passionate Users.
I’m frankly stunned that STX management has taken so long to size their company to the available business. I’ve never met a disk (not disc Seagate) drive company that was bashful about laying people off before.
A visit to the STX Yahoo message board is good for 30 minutes of entertainment.
