Topics regarding layoffs at Seagate Technology Inc.

Topics regarding layoffs at Seagate Technology Inc.

Nobody's safe here

Seagate management will just keep cutting people until they hit their income target. It's messed up, but that's what's happening. It seems they don't even care about your worth or if you're working on something important. This company's got some... — read more 

Mean tweets: Seagate edition.

Dave is so d-mb that if you gave him a penny for his thoughts, he would give it to the shareholders. Your turn.

Is HAMR real ?

It’s not about the technology, it’s about profitability. The laser costs more than the HDD.

Mission First, People Always

Our mission is self-serving, and we will always sacrifice our people to achieve that. That’s what she meant, just like the military does.

IT is ruining the company in the name of "security"

IT is pushing so hard for "security" they are ruining peoples abilities to get work done efficiently. Basically forcing labs to conform to IT standards that don't suit lab work. Hugh amounts of restrictions, lies and misinformation. All so they can... — read more 

China Exit

Announcement coming soon. Major shakeup underway.

Word on the street

Upper management: Shave off 10% of all budgets not staffing. Out with the old and expensive Oh and by the way, we’re not gonna tell the managers if that includes themselves. May the odds be ever in your favor

Layoff max 18 mth package

This week layoff starts , another layoff June, manpower crunch. Seagate world employement to decrease by 15% worldwide.

Organization Announcement RIF

Changes to be made immediately: Workforce reduction globally by 1% or 480 impacted employees, nearly all impacted employees have been given their notice/package. No comment on the contents of the package. Restructuring of Lyve and reduction in... — read more 

Huawei - Seriously?

In October 2021, a report by U.S. Senate Republicans claimed that Seagate violated Export Administration Regulations by selling parts and components to Huawei following U.S. sanctions against the Chinese telecommunications company. The company... — read more 

Good luck RMO guys

To maintain competitiveness & profitable, you know I know what will happen will happen

Longmont RIFS going on on now

Longmont RIFS have begun. Spending in all groups is halted for the immediate future as are any type of communications within the company until they have all been completed. It’s unknown who or what groups. Anyone have news?

Dave’s achievements

I’m not being sarcastic. From what I understand he has never built anything. Is not an execution person, is not financially astute, doesn’t have any real values, has poor taste in people. Can we list out his real achievements over the years ? — read more 

I'm getting tired of being treated this way

It's like Seagate wants to have its cake and eat it too. Whenever they need something from us, suddenly we're "family." But the minute we ask for anything, no matter how small, it's all "just business" to them. It's frustrating because it feels like... — read more 

Singapore First?

There are rumblings that Singapore will be the first impacted by lay offs next week. Additionally I think IT will see a significant impact. And the message to the rank and file is that Hammr is our ONLY path forward, so if that is the case what... — read more 

Chapter 11 - Bankruptcy next?

As you know, we locked in the same Dividend for payout on April 5th. Rough calculations is $12B market cap at $60 a share and $.70 per share dividend = $140M extra cash we do not have for anything else. Feel free to correct me poor math... Many... — read more 

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| 4040 views | | 11 replies (last March 29, 2023)
Post ID: @OP+1lL8w7vR

Seagate Springtown

https://www.derrynow.com/news/home/1059483/union-on-verge-of-seagate-recognition.html

Silicon Valley Bank Contagion.

Doe Seagate have an account at SVB? Perhaps that is where some executives stashed their millions as well?

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| 2090 views | | 2 replies (last March 24, 2023)
Post ID: @OP+1lBfW87V

Out of money, but exec travel on the rise

If we are so out of money, why are the leaders still travelling around and incurring expenses? I see our Asian leaders on campus so often, that it makes me wonder why we pay for their hotels and flights over? Why not hire someone in the Bay Area?

HR tactical pause on employee survey

What do you all think about our fearless leader’s “frosty” decision to take a tactical pause on the employee survey? I think it’s a load of cr-p and just an excuse to not see the true picture. What true leader says I don’t want the negative feelings... — read more 

Rumours of production to drop to 60%

Anyone know of this rumour? Wondering if this is due to the Global Market or to the Problems in China.. Its not good if true this will lead to more layoffs & short time..

Checkmate on Hard Drives?

Company claims 300Tb SSDs coming in 2026. This would dwarf Seagate HAMR drives projected for 2026 (50Tb) and 2030 (100Tb) in 2030, assuming that they would work. https://blocksandfiles.com/2023/03/01/300tb-flash-drives-coming-from-pure-storage/ — read more 

Dividend

Intel’s other shoe dropped. Less than a month after reporting a miserable fourth quarter, in which revenue fell 32% and the chip giant lost $661 million, Intel said Wednesday it was slashing its dividend 66%. It’s a logical move given that Intel... — read more 

Springtown Union

Whats peoples thoughts on a Union gaining footing in Sprintown? Operators looking an additional £3.50(ish) per hour, bringing them up to £15/hr... should higher responsibilities such as Techs, Engineers etc see an increase to match this? Higher... — read more 

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