struggles with a Rearrangement of the workforce!
>> Tuesday, June 21, 2011
There are unfortunately at a strong pace on the news of corporate re-organizations different companies operating in the IT industry. This time to talk about himself is Seagate, with news that no small surprise, since the first one to jump was none other than the CEO the Californian company, that Bill Watkins. The charismatic Bill, the protagonist in past interviews interesting and colorful, was formally dismissed, replaced by Steve Luczo, former CEO and current chairman Seagate (something similar to our chairman of the board of directors).
In the current state of affairs is impossible to say if Bill Watkins will go to another office in the company or if it has to go through in spite of his other holdings. What you can say for sure, before you leave to go to some hypothesis, is that the market welcomed the news as a negative sign by marking a decline of over 10% shares in Seagate, which are reported as a loss of 78 % on an annual basis.
The decision-making power of the then almost everything in the hands of Steve Luczo, who will be responsible for addressing the economic crisis starting with a blend of organic unfortunately common to many companies. Indeed insistent voices speak for further action that could lead to a cut of 20% of staff. Then shuffled cards with regard to Seagate plans for the future, without having to now well clear how it intends to run for shelter.
Some analysts, such as those of CNN, throw in some speculation about hypothetical or actual errors that Seagate could put the company in California a more difficult than the one dictated by the economic crisis alone. Let a few. A Seagate is criticized excessive interest to achieve high capacity in a 3.5-inch disks desktop, the area that was most affected by the economic crisis. This led to a problem of excessive production and storage, while other companies were able to better understand the needs of the market focuses more on the 2.5-inch disks.
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