Hiring freeze in my team even though we desperately need more people. Is it a bad signal?
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"Hiring freeze in my team even though we desperately need more people. Is it a bad signal?"
Do you think it is a good signal?
You people can whine here about how FUBAR Seagate is or get off your backsides and get a job in a better company. Hard drive market share is rapidly declining, and isn't coming back. Care to guess how that will impact Seagate and Western Digital? "I'm waiting for the severance package" is just an excuse for inaction.
It always depends on the quarterly results and what they see the next few quarters. If quarterly results for F2Q are dismal I'd guess probably somewhere near end of 3Q so they can take the severance as (yet another) special expense they can make the non-GAAP income look better.
It will show the investors they're being proactive by eliminating more expense/employees to keep increasing dividends despite decreasing revenues..
Who in upper Mgmt has been re-assigned ? Please provide details versus baseless rumors
@@12WGP6tv-7yyq there was a layoff today ? Location and team/ org ?
Laid off and no options for a new job. Time to get out of technology. Too many cuts for me.
I am seeing and hearing this week that open reqs are being reviewed and some are now canceled across a few organizations. It’s always this way before a lay-off.
Already seeing some movement of upper management teams. Seeing them get reassigned to take on new responsibilities. The bad part, most of them have no clue what they are doing. This is just a move to keep them busy and drive the working people nuts. A big clue to this is when you have a boss that says, I have no idea of what you do, nor do I understand your role. That brings on confidence to all.
Wondering if it will target the top since they’ve said we are very top heavy with too many high graders. Throw in a purge for other non performing individuals and businesses like systems and SSD. That’s what I expect.
RIFs can be fast or timed with the market, news cycle, etc. This RIF has been planned, now waiting for blessing and the list has NOT yet been created. Give it more time.
Do you know which orgs will be impacted ?
What's the usual time differential between approval of another RIF and when it actually happens?
If they approve it now does it happen in April or July? Given the state of affairs, I suspect they've already got lists in the filing cabinet.
YES another layoff is being approved by the BOD end of Jan. The wheels will spin and @12WGP6tv-1prw is right. Get over it. If the kitchen is too hot then get out. If you like the heat just make sure you don't get burned.
I think this site needs a sarcasm font.
If you're pimping the quality of the cafeteria food.... Normandale switches vendors every 18 months, probably to keep costs down. Training is non-existent except for LinkedIn. Health benefits are maybe a bit above average. They did dump the spousal penalty for health insurance. If you survive the successive layoffs, the pay is fine, raises have been pretty non-existent for a decade though.
Managers are as scared as the employees these days.
Yes, dying company. Draw a line of revenue for the last few years. Continue that line and you get death.
The Benefits are terrible. Stay off the site, Mosley.
HR is clearly on here making up benefits that do not exist. All development for staff was k–led in 2017. Training is all LinkedIn Learning. Go find a good job with a great company while on LinkedIn, that's the message.
Odd that you mention pudding pops. MPR just had a blurb on the Cos, how's he's doing in prison, and the fact that he probably never gets pudding pops there. At least not the chocolate ones.
What do you mean dying company? Seagate bennies are the best. First-class health benefits. First-class cafeteria food. First-class development opportunities. Great on-site training department. Great pathways to promotions and more pay. Tons of support from management for engineers. It's like heaven here. I couldn't be happier if I was lying naked on a bed of chocolate pudding pops.
Always in the works, at least the last 10 years. Starts with req freeze and travel freeze, management creates a list of layoff targets, legal reviews for age discrimination, code name assigned to layoff, layoff date targeted, managers are provided a script that always begins with "due to market conditions...".
People, it is the stench of a dead company. Zombies (pseudo managers) roam the site avoiding responsibility and the grim reaper is lurking nearby to schedule your sudden departure. Execs are the false gods asking you to trade your soul and career for some short term cash and a story of the incredible growth of spinning rust soon to come. Once the trade is made the employee is left with a measly severance package and a resume with old tech that is as attractive as Atari to a recruiter.
Get away as soon as possible. Look out for yourself and move to new tech
That's the first step.
Hopefully they'll stop at freezing reqs and dropping contractors.