Topics regarding layoffs at Seagate Technology Inc.

Topics regarding layoffs at Seagate Technology Inc.

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 ?

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 

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 

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| 1670 views | | 11 replies (last August 13, 2023)
Post ID: @OP+1o10UDUm

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 

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| 2170 views | | 8 replies (last August 9, 2023)
Post ID: @OP+1nYmbu0g

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?

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.

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| 2550 views | | 7 replies (last July 28, 2023)
Post ID: @OP+1nNdM9Y5

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 

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.

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

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 

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/

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 

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