Today’s is small, several eng were not included. Dothill is excluded this time, but will be included in September lay offs for sure.
Recession, lay-offs only option going forward
Many tech companies Very slowly realizing now that we are heading to full blown recession and it is not going to be V shaped recovery, it takes many years economy to come back. This quarter many tech cos refused to give guidelines, expect 50-60%... — read more
We did not sell anything in the current quarter
Expect shares to drop to $10, and 45% lay offs.
$500 Gesture of goodwill payment for working through covid
One off $500 gesture of goodwill payment to everyone as a thank you for working through covid . Won't impact profit share .
https://wccftech.com/backblaze-releases-results-of-q1-2020-hard-drive-failure-rates-seagate-has-significantly-higher-failure-rate-than-the-other
"Backblaze always has the most thorough results for drives and this report is no different. A significant problem was that Seagate drives were failing more often than any other drive which is disappointing."
How much more productive would she get be without the SVP of business excellence?
Does this job even help Seagate or weigh it down? What are some examples of how business excellence makes you get better or makes Seagate worse? I don't like how they're in charge of all the layoffs, that should be manager discretion.
What is the impact and response to Coronavirus worldwide from Seagate.
Is seagate supportive off its employees affected by this.
When lay offs will happen?
I know at some point huge lay offs will happen, but I believe it is not imminent until September. I am in dothill, we may lose 50% of our colleagues.
Severance: max 3 months, minimum 3 weeks of salary.
15% Cut possible.
Start counting
Anytime before September huge layoffs. LCO is done.
How deep lay off going to be?
There is no doubt lay offs will be around the corner, wondering how deep it is going to be. What about LCO? What about Dothill? Only managers please.
Bonus
What's everybody's take on the current communication on bonus.... Anybody else feel that they should dumb it down a bit and cut the bulls**t, in the current climate, an additional thank you payment should be made for the fact manufacturing levels... — read more
Is CIO really clueless?
Read the article in CIO mag. Attended the all hands mtg. Know what is actually in production and what is not. Does the CIO really now what's happening? Or is his staff just YES men? Or is his plan just keep changing environments? On prem to... — read more
20% lay off and 10% salary cut for remaining employees
Not sure it is true
3% 1 off payment for working through covid 19
Rumours that there's going to be a 1 off payment of 3% of annual salary made to employees as a sign of appreciation for continuing to work through the covid 19 crisis.
Layoff delay
I think it's not really a secret that Seagate had a layoff schedule in the works, and I think it's also fair to say that it was scheduled for sometime in the past. My question is, what benefit does a corporation have to delay? Does Seagate expect... — read more
All those who hate should look at themselves in the mirrot
Amazing to see people (animals? ) on this board rooting for failure of any company that employed thousands of people at this time of crises. All because of unhealthy personal hate in the case of this company. Regardless of what a company had done to... — read more
Furlough
When will STX implement the policy? It’s business as unusual!!
What personal sacrifices are Seagate executives making due to coronavirus?
Although it is mostly symbolic top executives at some companies are making personal sacrifices due to the coronavirus tragedy. Have Seagate executives done anything? https://www.cnn.com/2020/03/26/investing/ceo-giving-up-pay-coronavirus/index.html — read more
Any idea of lay off 20% or 30%?
As Corona virus disrupted our business seriously with decline in demand we may see huge lay off.
Seagates inaction to the Coronavirus.
How is your plants management handling the issue of the coronavirus? Is it like Seagate Londonderry? Management putting some employees lives at risk.Product more important than the health and safety of some employees and their families.People who... — read more
Labour shortage?
https://www.facebook.com/147450805269412/posts/3378067168874410/
Any motivating comms from senior Management?
I worked at stx for many years until rif last year. How is management communicating about current situation? Any motivating messages someone can share? Just curious
Lay offs postponed until April
Probably it will allow them revisit their earlier plan and increase number of lay offs.
Lay Offs imminent, it seems.
unfortunate. I did not see any other avenues
Mar 20 2020
10% from Asia....any news from US?
F Outlook
F— Outlook. Just my two cents. I hope the CIO gets fired for this b—s— just like he got demoted from corporate strategy for his b—s—. You may have saved money moving us to office but the productivity is going to be lost in the millions... — read more
Seagate to cut workforce 1,100 jobs, or 2.5%
From 2009, but stx playbook during times of crisis like coronavirus. Seems reasonable. unexpected? http://m.startribune.com/seagate-to-cut-workforce-1-100-jobs-or-2-5/44947122/ Hard-drive maker Seagate Technology said Wednesday it plans to cut... — read more
Q&A Thread for Coronavirus / Seagate
What's our next step? What needs to be done?
Lay offs
Keep looking for HR lady in front of you sometime Thursday next month. Good luck finding another job as lot of companies started lay off.
IP addresses blacklisted
Why are the mods/people who operate the layoff board blacklisting some seagate employees IP addresses.Have seagate requested it?
Anyone hearing any rumblings about March?
Folks in IT are hearing rumors again.
By the end of 2020, no new laptop in Western Europe will be sold with hard disk drive as primary storage
https://www.contextworld.com/by-the-end-of-2020-no-new-laptop-in-western-europe-will-be-sold-with-hard-disk-drive-as-primary-storage
Are you guys impacted with this Virus thing at all?
Disclaimer: working for a competitor and just curious
And the Oscar goes to...
Dave Mosley and the Seagate leadership team for best adaptation of a functioning, successful company.
Hard disk drives will disappear from your data centre – unless you work for a hyperscaler
Good read and what we are seeing in the market. Of course very different from all hands meeting propaganda. https://blocksandfiles.com/2020/02/07/hard-disks-disappear-small-data-centres/
How about those earnings?
Where are all the HR people or execs pretending things have gotten better and there will be growth? The numbers speak for themselves. Without low interest rates, employee voluntary attrition, and threat of layoffs this company would be in bankruptcy... — read more
What is life after seagate lay off
Having so many layoffs in the past, what happened to employees when they get laid off? Do they usually get a better job, a worse job or just retire? Considering also that the average age of seagaters are late 40’s to early 50’s.