I came here not long ago and now I'm already hearing rumors about cuts. Some advise me to start looking for something else. Is this another one of those companies that, due to its poor planning, are cutting the recently hired ones as well?
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Ugh, this thread is toxic. If you're not happy and not feeling valued, PLEASE find another job that is a better fit for you! There are plenty of Seagate employees who are still working their as--s off, and will continue to do so until they get the axe or find a better opportunity. Moaning about lack of company loyalty is like asking for "the good old days" of the 1950s.
Your value and your future lies in your work performance, your commitment to producing good results, and in your network. Good talent finds a way to plow through uncertainty and hard times. Any time in my career when I was no longer able to do that at a company, I knew it was time to move on. If you stick around moaning about the company like the people on this thread, you not only become a poison pill to those around you, but you also lose your ability to become a good candidate for new jobs within your expanded network.
Obviously, it's sad to be saying good-bye to so many awesome people (who are leaving on their own or with a severance package). That said, as people leave, they become our expanded network for new opportunities when we part ways with Seagate.
Very funny…get your point though
I work remotely for the business excellence team. I basically just update a few spreadsheets and word documents. Am I safe?
If you are Sr. Staff or above and your rank within your team is the lowest then you may be impacted. Also, if your last review was not good, then you will most probably be impacted. Mainly HDD folks can expect to be impacted if they are low performance.
If your position not those redundant post & useless kind that can survive even if you are not around then you should be worried
This is Seagate. Always be prepared for layoffs. They will NEVER decide to ride out tough times with lower profits for a quarter or two. They'd rather lay people off, write off the expense and hire back newbies in 9-12 months.
What is ESG score? How do you view what your score is?
1oxd - The irony is you probably did document things very well years ago but it got lost when they quit Lotus Notes. But then you took the time to recreate all your hard effort under Google Docs but then that went away. So now you don't give a sh_t and neither do I. The company and their silly cost chasing savings in the back end is an example where they shoot themselves in the foot but I suppose those in the highest levels (SVP-IT, VP-BE) got bonuses.
If you have NEITHER a medical NOR religious mandate waiver AND your ESG score is high; THEN you'll be promoted; ELSE you're outahere.
i am a new hire in FRE .. will i get impacted???
depends on your comp ratio a lot of the time. the layoff is for a dollar amount, not a head count.
Now you know why smart old foxes didn't document everything and hand you all their hard work on a silver platter. If you set yourself up as one who has the knowledge of how to do things and there will be a huge cost and headache if you are let go, I'd say you are pretty smart. It doesn't always save you, but sometimes it does. The only one who is going to look out for you is you. You are just a cost item on a ledger to Seagate. Get it through your heads that keeping you is just a cost calculation. They don't care about you whatsoever.
It's easier to lay off a new hire than a long time employee from a legal stand. It's also less impactful on the company to lay off two new hires who have no vested project instead of an experienced engineer who has accumulated project experience. Of course the company will always find a reason to lay off low performers, regardless of years.
But in the end, the company will always lay off people rather than cut the dividend. The executives and BoD are addicted to the dividend and will sacrifice projects and capital to protect that dividend.
If you're involved with R&D then yes.
@OP+1iJGWT9f STX is famous for Hiring and Firing!!
Laying off new hires less compensation … It’s normal among all other companies too. You don’t expect to layoff those long service people as loyalty & image very important also
Yes, I have seen that happen in Aug-2020 where people not even after a year with the company and almost fresh out of college were let go again.
A huge problem is knowledge retention, the old fat cats leave, retire or took the nice fat packages from the past. Did they bring up successors, documented their work properly, mentored young engineers? Nope. And nobody seems to care. They rather hire them back on consultation basis and spent a cr-p load on money on them. Status reports don’t tell you how to run this place