Okay, I have been reading some of these posts, and I'm thinking that the other side needs some representation. So I did some digging to see what Seagate is actually one of the best companies out there. Consider these facts, which can be found at the... — read more
IT hit ~30% world-wide this time
Three years in a row. 20% in Sept. 2015, 20% in June 2016, now 30% in July 2017. Back to MS Excel and Access everyone.
Layoffs in NRM
Engineer I 18 months out of school and was given the boot. Director told me it was due to the "position being eliminated". Looks like I'll be on the pay roll through September and then given a severance after that. Blessing in disguise perhaps... — read more
None in cloud system at Longmont yet, may be in September
Eventually coming.
Entire SSG \ Cloud System purged.
Entire SSG division is purged. All sites are affected. Horrible heartless management did not think twice before laying off hundreds of engineers just to prop up stock price. Management had no vision, had arrogance , had no technical depth to create a... — read more
Nothing happening in Longmont.
I heard it coming to Longmont in September. Couple of guys 15 -20 yrs of experience left this morning but that is planned long time ago, not part of this lay off
Details of Announcement?
Shouldn't there be an announcement happening around this time? The layoff is too quiet around this time. Updates, anyone?
You get what you paid for Seagate
The younger engineers have largely already bailed out from what I can see after we spent a huge investment of time and effort training them. That's exactly right. They saw how Seagate was treating long time employees. Seagate wanted a dynamic fresh... — read more
No Increment, No OT, No Future & Miserably Profit Sharing
Still wanna go D&D? Celebrating what ah?
Why cloud system failed to earn business for seagate?
Acquiring dot hill a strategic big mistake? Whom to blame for this? At least now we should get rid of Dithill div.
Nobody is sure if 600 announced layoffs are new or part of previous plan
I've been trying to find if it confirms anywhere whether these newly announced cuts are part of Seagate's previously announced 6,500 layoffs, or an addition to it. As a knee-jerk reaction to lousy quarterly results, it stands to logic that they are... — read more
Colossal strategic mistakes have consequences
Through many failed acquisitions by management, now employees pay for the exec colossal errors. Such a sad world. Not 1 exec head rolled. LSI purchase was a complete fart. Dot Hill was a sh--ter. Phil Brace ran development to the toilet then paid to... — read more
Today's SEC filing - math
600 person reduction yields $90M annual savings - that's $150k per reduction. Severence pay $83k per person Clearly some experienced folks leaving. Here's the filing dated today ( their words!). : Item 2.05 Costs Associated with Exit or Disposal... — read more
What will happen to SSG group?
Anyone has any idea what will happen to SSG group / Cloud Systems? Where the cuts will be made?
Miss the earnings, you get rid of people.
This is a heartless company which has no respect or regard for the people and their families who have LIVED SEAGATE for year after year. Why didn't mgmt see the market shift before it was too late? Why is so much we needed too late? It is shameful... — read more
Any layoffs at Seagate Singapore or Seagate IT SRC - Bayan Lepas?
Anyone knows what the plans are?
H1's are being used illegally, but there's a loophole
Lots of people have been brought in from other countries because of loopholes in the system. It clearly states they cannot take existing jobs, but that's exactly what they are there for. Everyone knows it, there's next to nothing we can do about it... — read more
Driving Operating Costs Down
The writing is on the wall for all of us at Seagate - if you live in a high cost location you will at some point be eliminated. It's so obvious that they want to aggressively reduce costs and folks in China, Malaysia and India are so much cheaper... — read more
Pay freeze!
Just 1 quarter of missing profit forecast and they freeze the pay increment. Still paying healthy dividends. Again showing shareholders are more important than employees. I'm still around, but I hope I won't be soon.
Any rumors for NRM?
Currently a younger-ish engineer at NRM. I really do like my job, but wow this is getting ridiculous. Seems like Every 6 months we have more layoffs. Any rumors going around about potential cuts at NRM?
No Doom or Gloom ...
We can start look forward for our most exciting D&D at MBS. Those being laid off previously, stop being childish & move on
RIF not started in Longmont. May be in few weeks.
600 job cuts are in addition to 5200 already planned last year. I believe OPT students are let go soon. So no h1b visa filing issues next year.
Fallout from keeping shares artificially high
The problem with this company is they would rather rift a few thousand more employees before cutting the share dividend and reducing the earnings per share (EPS).. Ask yourself this. Who benefits from this misguided strategy. The millions of dollars... — read more
That did not take long - more layoffs
This was truly quick. Seagate's first response to quarterly results is to announce additional restructuring to cut costs, which means it will be cutting 600 additional workers. pretty sure they will not stop at that number, but that's what we have... — read more
This is bad
Not surprising at all, but still bad. A 17 percent drop in share prices for Seagate is huge. Even if we were not already expecting layoffs, this would be the final nail in the coffin. Now I am just worried that this will push the number of people who... — read more
Our Friends In Ireland Not Doing Too Great Either
http://www.irishnews.com/business/2017/07/24/news/profits-fall-by-35-at-derry-based-seagate-technology-1090415/
Talk about damage control (or plain stupidity)
So, anybody else thinks that this whole promo video is the bestest of best ideas ever? Hey folks, we will be laying off a bunch of you really soon, but here, look at what a happy family Seagate is! Joy! Let's all hold hands and sing kumbaya! Who in... — read more
Monday cuts
They are cutting more jobs on Monday July 24th. I heard a lot from Longmont. Don't get over 50 and still work for Seagate because you are the first to go while keeping lots of foreign workers. Anybody from Longmont can confirm or deny whether this... — read more
RIF trend always close to month of September then follow by increment & D&D
If you read yearly RIF, this has becomes a trend ... Those retain will be rewarded with increment & of course life goes on ...
Is upper mgmt out of ideas?
Is management's only solution for every business problem the handy RIF? Seems like they have no clue what to do about the changing storage industry.
The anticipation is the worst
So sad another week of torment for everyone involved. Those who remain have to see friends go and pick up a lot of extra work while others have their life disrupted. People don't appreciate IT until their computer won't work or their applications are... — read more
Is Seagate going to be sold in 2018?
Yes? No? Elaborate if you'd like.
Here's Why You Should Dump Seagate Technology (STX) Stock
On Jul 19, Zacks Investment Research downgraded Seagate Technology plc. STX to a Zacks Rank #5 (Strong Sell). https://finance.yahoo.com/news/apos-why-dump-seagate-technology-153103279.html
H1B visa numbers to be cut from 65K to 45K. Go trump 2020. No more OPT, no H1 slaves next year.
New legislation before April.
New CEO
Congrats Seagaters.. Luczo is cashing in and Mosley will be the new big wig. Mosley will cut things to the bone. But let's talk about the strategic Luczo exit! Now that He is no longer associated with Seagate and will not be a board member so that He... — read more
not 19th, now 26th?
seriously? more wait and see?
Seagate going downhill
Future is bad for Seagate; low volume demand, debts too much to payoff, change of seagate president, no more prospect, layoff going soon, no more package. Bad very bad