When is exercise date?

https://www.youtube.com/watch?v=mC4VflOayBw

Well Kids I don’t know about you but I’m personally going to call this postponed if not totally cancelled going forward. One thing warms my heart, the faceless boot-l*cker that came up with this pointless waist of time shall receive NO BONUS! It’s... — read more 

In a small casual meeting with Chris Woldemar an employee asked about the ethics of selling to China while knowing that it is an oppressive authoritarian government. Chris expressed some discomfort but then he explained that ethics are outweighed by... — read more 

Apparently the legal department is close to non-exist or the company was advised by the legal department wrongly. Who is the crulpit? With a 15M cash penalty per quarter, it won't be any bonus in near future, especially in current environment of... — read more 

Wow, this is worse than I thought. The Huawei cronies stay, so he decides to walk. Good for him. We should all leave this sh-t hole. And full $.70 dividend for next qtr? Are efffing kidding me?

Quarterly results are released. The plan "...is expected to result in total pre-tax charges of approximately $150 million. The charges are expected to be primarily cash-based and consist of employee severance..." This is approximately 2x the size of... — read more 

I'm tired of working here. I'm tired of all the politics and red tape. I'm tired of being stuck in the middle of a big team and not getting anything done because we're so inefficient. I'm tired of not having any control over my career or any... — read more 

Question Oct 2020 earnings call: First question relates to Huawei. I just want to confirm that — can you talk about whether you are continuing to ship to Huawei and what is included in your December quarter guidance? It looks like your competitor may... — read more 

Massive layoff being announced tomorrow, significantly more than the November RIF. The writing is on the wall. They plan to decrease the footprint in FRC then in LCO. Then both will eventually close. R&D will move offshore and manufacturing to MN... — read more 

Where will Seagate get the money? 300 Million USD fine for selling HDs to China. https://money.usnews.com/investing/news/articles/2023-04-19/exclusive-seagate-settles-with-u-s-for-shipping-1-1-billion-of-hard-drives-to-huawei

The longer you wait, the fewer jobs will be available. Not to mention, if you wait to be laid off, you'll have to compete with your former coworkers for the few available open positions. My opinion is that every one of us should take our fate into... — read more 

Asking for a friend...

That's what a coworker claims. It can't be true can it?

What is happening?? Is Joan out??

Motsinger is gone. Only 2 groups have been told they’re safe at this time. They’re redirecting groups to finance. It was done Thursday but notified Monday. People are in a panic. Been told a new pres is coming….it was cost savings.

If it is in May, which day has the highest probability?

https://www.straitstimes.com/best-employers-singapore-2023

Anyone know more about this? Many interns got emails today telling them their start dates are pushed out a week from May 22 to May 30. Reason isn't given. PITA given travel plans already made, rents in Fremont area on leases already signe, etc. Of... — read more 

https://techcrunch.com/2023/04/13/hackers-claim-vast-access-to-western-digital-systems/

Springtown have been shutting down over holiday times to save money.. This is not working only costing Seagate more money.. D-mbasses running this Plant.. 😁

Legacy

Due to extreme low demand with US and China issue , layoff exercise about 30% will be conducted every month till October. Take your time to survey and pursue other jobs. Wish good health and well being.

I asking because I only have the ability to think of do thing that get fire instead of get VSS ? To save Seagate from economy downturn, I would like to self volunteer from VSS, any one got any idea ?

Weren't there rumors about layoffs this week? Is that still happening?

I am not counting everyone..there are some good ones Everyone I have encountered are mean, rude, arrogant Not sure how knowledgeable these people are

Here is the hard truth….I’ve been on the team. We are paid significant amounts of equity to retain us and to make progress. Unfortunately, we have to SHOW success. We are told that HAMR works, by our bosses, not the other way round. The truth is not... — read more 

Another 15% reduction planned for this quarter translates to 4500 people. Loaded cost of $150K per employee, Saves the company $675M annually. After paying a paltry one time severance they have $500M to pay as dividends. Keep making Value Act richer... — read more 

Those mega customers enjoyed many years of low cost HDDs. This put HDD industry in a dying trend. Need to rise the price by 50% and get cloud and OEMs to pay, to reverse the death spiral.

At $0.70 per share and 206.48 M outstanding shares, see who is getting rich as long-serving employees are getting screwed. What do you say in defense of that Dave Mosley ?

Everyone I'm working with is drowning in work right now. It's getting pretty worrying because we simply can't keep up this pace without risking burnout. This year is already tight as it is, and we can't afford to drop the ball, but I'm not sure how... — read more 

They want you to leave and they are trying to accelerate attrition as fast as they can.

Looks like our main costumers are not doing good & will get rid of workers anyway they like.. This will make things even harder for Seagate / all the ships are sinking... ... — read more 

If that what our customers are up to then heaven help us.

If the decision is made once again to lay off more senior staff members, the consequences will be dire for the company. It will find itself in deep, deep trouble trying to complete the existing projects in the pipeline with nobody who knows how to do... — read more 

Wait & watch

June 2023 time frame. HAMR or bust.

Shame on you