Famous words by big D himself
UPS drivers now make 170k average
Look up the new contract if you don’t believe. So a UPS driver makes more (on average!) than most of you prestigious engineers. LMAO! Why do you still work here? Garbage truck drivers also make more than you do with full heath benefits and... — read more
CEO’s Strategy
CEO’s strategy - Harvest, Win, Grow Harvest (HDD) - Crumbling 50% revenue loss Win (Systems) - $750M to $100M in 5 years Grow (Lyve) - Ki-led on arrival Failure on all fronts Who’s head should roll ?
BS is gunning for DM
It’s finally out in the open…BS will be next CEO.
Lyve is the natural progression of Seagate
Manufacturing for profit is dead. Service for profit is the only way to compete. Why do you think Seagate's customers don't buy Seagate or Western Digital? Seagate's customers are GIANT corporations that could, but they realize there is no money to... — read more
Biden administration restricts American investments in high-tech sectors in China
I wonder how our Seagate Huawei Senior Leadership Team will view this new mandate from USA President Biden. Sorry, I forgot that Seagate does not view itself as an American company anymore. Is another $300+ million penalty on the horizon for... — read more
Too many layoffs
There have been so many layoffs lately that nobody feels safe anymore, ever. People only laugh when you mention job security, it seems. I've never seen morale drop this low before. I'm shocked we're not seeing a mass exodus at this point, since so... — read more
Springtown Unite !
Coincidence that the Springtown wind down began when the union jammed an unwanted foot in the door ? I hope they will refund their union fees when it closes. Those selling the fairytale sholud start writing their apologies too. Be careful what you... — read more
Layoff decisions
I'm baffled that Seagate has continued to lay off people like engineers and program managers, but we still have HR people working under Diversity, Equity, and Inclusion. Those people should be let go before anyone
More layoffs Springtown
Well it looks as though we are going to have more layoffs on the horizon for Springtown. All the talk, and it seems to have been confirmed is that odonnels boss said we have to cut back to 70 per shift. I don't know if it isall MS or MS plus the... — read more
Stock Price
Isn’t it absolutely ridiculous that stock is 65. What is the justification for this price.. Intel is at 35 and STX is 65…
Further salary cuts
Does anyone know when the announcement for additional salary cuts is going to be made?
RSU Question
Does anyone know what happens if u have RSUs and they vest during your notice period - can an employee still cash the shares out or does the notice period not count as normal service?
STX stock is in manipulation???
It dropped to 57ish before last Wednesday. But it magically recovered to above 62ish overnight!!!
What a lie
Criminals through and through
Under 30 minutes to good news or bad?
Well Kids it doesn’t matter because Heavy D and Luca are down in the basement greasing up the Dividend printer at this very moment. Win or lose some people gotta get paid it’s only fair.
More and more high post being taken by Indian
Anyone notice there are many high post job being taken by Indian? Such as the career discovery team. I don't even know what the heck they are talking about. Once they grab a high post, will build the empire there by bring in a buntch of people to... — read more
Turns out Seagate never notified the state about layoffs in MN
MN law requires employers to notify the state department whenever a layoff >50 employees occurs for company with over 100 employees. Turns out, Seagate never sent notification to the appropriate labor department in MN. Woops
Possibility of the company going under Ch11
Any thoughts, how likely is that to happen? I am of the opinion that it will not come to that, even though I have several colleagues who are seriously considering what to do in the event of such a scenario.
Seagate earnings going to be very ugly... revenue big miss
Glad I sold all my STX
To the board and activist investors
There once was a leader(s) so greedy, With tunnel vision, oh so seedy, Their cronies contravened, Embargos, they careened, To Chinese blacklists, they danced, so needy! Penalties came, they were asked to pay, But they shrugged them off, said, "Nay... — read more
Chapter 11
Under Chapter 11, what's the worst consequences for the employees? Do we get back out RIF package?
Another Lawsuit
https://www.einnews.com/pr_news/645680213/stx-lawsuit-alert-levi-korsinsky-notifies-seagate-technology-holdings-plc-investors-of-a-class-action-lawsuit-and-upcoming-deadline
No focals but
turns out you can get a pay raise or a promotion still if you threaten to quit and have a competing offer
Happy Severance pay day!
Finally got my severance payout from being RIF'd on May 22nd at NRM. Goodbye Seagate!
Watching Seagate fall apart in not fun
I used to love my job and working here. Seeing where we are now gives me no pleasure, on the contrary. Hopefully, something will be done before it’s too late, even if I’m not sure that’s possible at this point.
Transferable skills
I was talking to an old colleague recently who told me that I would be quite surprised at how many people here do not have transferable skills when going to a new company in this industry. I find that hard to believe. Anyone else having a problem... — read more
A lot of complaining.. just quit!
Got a new job a couple years ago and couldn’t be happier with my decision. Sure I work harder and longer hours but benefits are better and annual increments are guaranteed. If you’re not happy with life at Seagate put your words into actions and... — read more
Someone told me there was a list leaked for upcoming RIF on SharePoint
Apparently it got taken down but just wondering if anyone saw the list...which groups and how many? Thanks
CLASS ACTION LAWSUITS
Seeing news of so many Class Action Lawsuits against STX, What will happen after?
preliminary data For Q2
I found this data. It seems not bad for Seagate. https://technewsspace.com/the-hard-drive-market-plummeted-20-2-in-the-second-quarter-with-seagate-and-wd-gaining-share/
Layoff package for execs is not 2 wks per Yr.
Can someone shed light on what the severance package for VPs, SVPs, EVPs is? I am sure it is a golden handshake and not a 2 weeks per year of service calculation. Thanks!
Reapplying after layoffs
A friend says he was told to reapply for a job right after he was laid off. Is this possible? Has something like this happened to anybody else?
Twelve years a lie
Seagate’s business has been slowly failing since the floods in Thailand in 2011. Of it weren’t for the business boost from the floods, perhaps the decline would have started even sooner. Seagate stopped talking about how many drives they produced... — read more
Graduates, don't waste your time on this tu-d of a company
My advise to young graduates is to steer clear of this company. Expect more and more layoffs, paycuts, reduced benefits and frustration while Dave and his VP bandits get rich off their bonuses and stock options. Effectively, employees young and old... — read more
The weight of this crown jewels secrecy BS will sink this company.
Can't fix any issues if right hand doesn't know what right hand does.
Boards of Director leaving Seagate?
Boards of Director leaving Seagate? 6 of our BOD leaving Seagate?Seagate still safe??
Additional RIF is expected sometime in FY24 Q1-Q2
The word is they're aiming for a 7-8% cut on headcount in the US