Topics regarding layoffs at Seagate Technology Inc.

Topics regarding layoffs at Seagate Technology Inc.

Seagate Springtown bonus/profit share minus 30%

When it was bonus/profit share time at STST, 30% from our profit share was taken from us to be held back until the next profit share.Was this a corporate idea and did it happen to Seagate employees worldwide or just at STST? We never knew if it was... — read more 

Big Changes for STST

Springtown's future after these layoffs will be a smaller capacity factory producing Lazers..

Just get it over with already!

What is the rational of dragging these layoffs out so long. They must know that productivity is down, morale is down, and everyone is just waiting for the ax to swing. The waiting feels worse than the actual RIF.

Lyve is dead, HAMR is charred.

Fresh news is that Lyve is dead. Save a few techsups all will be axed. Israel closure. HAMR is too late to save this wretched company. Demand picks up CY24 by then Heavy D will send 20k folks home.

Make sure you're prepared

Since we are always expecting layoffs, here are a few things you can do to better prepare in case you find yourself affected. Most importantly, make sure your resume and LinkedIn profile are up-to-date. You never know when a new opportunity might... — read more 

Upper management will be just fine

Are you telling me that the so-called team leads and upper management folks at Seagate have the technical chops to withstand these cuts? I highly doubt it. It's not like having technical proficiency is going to magically keep them safe from the... — read more 

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Product Roadmap

Seagate lost sight of a good product roadmap 3-4 years back. When times are good - it didn’t matter all that much, but when the tide recedes - gaps show up. HAMR has been a disaster with Heavy D and Beardy J putting so much of the company focus... — read more 

Lyve is dead.

Reliable sources saying Lyve is dead. Getting my layoff cardboard box ready.

D-day...

List finalized we hear. Announcement likely this Friday. So long friends and thanks for all the fish !

Don't be naive and think you're safe

Your job is at risk of being outsourced by Seagate if they can find someone willing to do it for less. In 99 percent of the cases, they can. Your value to the company is solely determined by your cost, and if they can find a cheaper alternative, you... — read more 

Come on! HAMR will rescue management!

Management high hope HAMR will rescue their “iron rice bowl”. Western Digital must be laughing loud now. It’s not about capacity, it’s about competency of CEO

Is there a chance we lose severance?

I don't care if I'm laid off as long as I receive severance. But I've heard that other companies are either halving their severance or not giving it at all. Can that happen at Seagate as well, considering that there is no legal obligation to provide... — read more 

Seagate next layoff May and July

Coming soon, due to US and China sanction issue, Seagate only have minimal order for the next 5 years, company is going negative soon, even HAMr wont help. Seagate company on the move of closure.

New Fab Normandale

How is the new fab coming on in Normandale? Is it true the tools from Springtown are being shipped over one by one? Plenty of gaps in there atm, and the promise of new tools that they seem to be in no hurry to install. Not a great vibe about... — read more 

Silver lining if you end up looking for a new job in MN

If you do get laid off in MN, this article includes companies that are desperate for workers. Wishing everyone a happy weekend. https://m.startribune.com/perfect-storm-in-minnesota-labor-market-is-worrying-harbinger-for-the-fed/600272890/

No transparency

So, here's the main issue: the company keeps everything hush-hush, and that's causing problems. Management doesn't trust the workers and doesn't tell us what's going on. That's the real issue that nobody's talking about. The company's culture is what... — read more 

If you are aid off in US/Minnesota, read this!!!

Make sure you ask unemployment office to be enrolled in dislocated worker program. Lots of people not notified or notified late after previous layoffs. This program pays up to 3 yrs of unemployment if enrolled in training/degree programs. Pays for... — read more 

D day

Postponed to a later date!

Business Finance Question

Hello people who have a better grasp of corporate financial issues than myself. With 1B in debt needed to be refinanced in the next 11 months is there a risk of bankruptcy? It looks like Heavy D is counting on the macroeconomic conditions to head... — read more 

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New absence policy coming for stst

MS getting hit hard this time in STST. If you have poor attendance at work. Check your % if it's high get to the job market compulsory lay offs coming out way. Policy to be changed after this also. Been told won't matter if Ur off as well. The... — read more 

"Its all about June"

June 1st $540M in debt coming due. Bill Watkins was right. It is all about June.

Does anyone know the D-Day date?

Too many conflicting rumors, that stretch from May 2 to May 22. Does anyone know the date, or at least a rationalized most-likely date?

Corporate resources being used for personal travel

It’s strange that when a posting goes up about certain Exec’s abusing company travel resources it gets quickly deleted. I can’t wait to see more BS from HR about Seagate Going Green, they say hypocrisy is a very bitter pill but Executives can... — read more 

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