Topics regarding layoffs at Seagate Technology Inc.

Topics regarding layoffs at Seagate Technology Inc.

Layoffs opened my eyes

You know, I've always had this belief that if you did a decent job, you were pretty safe in your position. Before, management's evaluation of your performance mostly aligned with how you saw yourself. But over the years, things started to change. It... — read more 

I don't care about bonuses

I care about getting severance and leaving Seagate behind. You can keep your bonus, just give me my severance. This place is toxic to the bone.

I'm never surprised by layoffs

Seagate leadership has been making one bad decision after another, all in a desperate attempt to save the company that's slowly but surely dying. The reason behind Seagate's demise is its stubborn belief in the sunk cost fallacy, clinging onto its... — read more 

Last layoff in May 2023

Seagate has a bad policy for their layoffs. There is no consideration for reviews or experience. Their policy is all money they let the cream of the crop or employees that are their brightest and most inventive go. That works out to be their older... — read more 

Seagate is a good company in Singapore

It is not that easy to find another one in Singapore in terms of work life balance. And also its retrenchment package is generous. Most local companies will not have that if I am not wrong. I hope Seagate business will recover in 1 year horizon... — read more 

No future for Seagate

The goal is to maximize the extraction of value out of an existing business to the board and the institutional shareholders and to milk it until its dry and they've offloaded its worthless corpse to new suckers. This here is sadly what's been going... — read more 

Didn’t violate any Rules but paid the fine anyway!

I was on a Seagate business trip and driving a rental car. I got pulled over for an alleged traffic violation. Even though I believe I didn’t violate any traffic rules, I paid the fine anyway. Can I include the fine on my expense report?

Make no mistake - Dave doesn't lose

Dodgy Dave owns 0.3% (approximately 621,000) of the outstanding shares in Seagate. Dividends of $0.70 per share per quarter would yield him an annual income of $1,738,800 or 158% of his listed base salary. Yet this sociopath has the audacity to tell... — read more 

More Excellent Business Decisions

Headline reads “Seagate Technology Holdings Has Affirmed its Dividend $0.70 for July 5th”. We are selling buildings and incurring massive layoffs to raise cash to pay the Dividend? Floating a new much more expensive bond sale to cover the previous... — read more 

It's infuriating, when you stop and think about it

Those of us who possess the invaluable expertise and know-how to effectively manage and run things are shamefully undervalued and underpaid. At the same time, those clueless souls who come to us for help, including so-called managers, are raking in... — read more 

DNA Storage?!?!

They cut critical functions at NRM, leaving key groups tasked with the HAMR ramp scrambling to figure out how to mitigate disaster. Yet the group working on DNA storage were spared?! WTF!!!

I'm now a quiet quitter

I used to think quiet quitting was something lazy employees did. After the last round of layoffs and the way they were done, I realized that those who are quiet quitting are the smart ones. Some of the best and hardest workers lost their jobs. What... — read more 

Ethical ?

Seagate ethics question 13: In this scenario Dave has a million HDDs in his basement. Should he: A. Sell them to whomever he wants, cause he-l, hes Dave. B. Sell them illegally as our guy is clearly above the law. Sell them to someone he... — read more 

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| 1700 views | | 2 replies (last May 24, 2023)
Post ID: @OP+1mM2iDdZ

Shakopee DNA storage research

I’m surprised Seagate kept their DNA storage research group in Seagate research. A Total waste of money in my opinion. Anyone know why that group was not eliminated?

So, you decide to work at home anyway

I can’t help but notice a majority who were let go haven’t been seen in their cube for weeks or even years in some cases. After we were all told to come to work 5 days a week unless remote is approved. Did you think they wouldn’t notice or did you... — read more 

Seagate Springtown news

https://www.derrydaily.net/2023/05/23/court-to-hear-trade-unions-application-for-recognition-at-seagate/

Why all of this is happening

It was obvious then and it's even more obvious now - Seagate should have suspended their dividend 2 years ago when WDC dropped their dividend. This clearly was a strategic blunder. Seagate management has been managing the company as though there... — read more 

Unionised STST

We're nearly there.Seagate Springtown management have twenty days to appeal the court decision. Will STST waste their time and money appealing the decision,or will they hold their hands up and admit defeat.HR and management will now have to abide by... — read more 

NRM actions today

As per normal Slider and HGA took a huge hit of 40+ on a guess. Main targets this time were hourly and frontline salary positions. A few people from miscellaneous and support groups have also been effected. After this NRM has become even more... — read more 

How can we know if we're safe?

If my team was affected already, does that mean the rest of us are safe? I know usually that would be true, but my manager is keeping his mouth shut and that worries me a little. It could also be that he genuinely doesn't know anything just yet, but... — read more 

Hope this company ends in dust

The way ppl are treated..and removed at will. I hope this company bites the dust soon so that ppl don’t have to go through this in the future. Pls managers next time when you post something to hire don’t boast saying it’s a Grt company and pls tell... — read more 

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