Thread regarding Seagate Technology Inc. layoffs

Major lay offs in February.

List is out. Stx likely to increase dividend after the lay off. Dothill revenue is a concern.

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| 2651 views | | 8 replies (last December 28, 2019) | Reply
Post ID: @OP+12EGO4Wc

8 replies (most recent on top)

If I man could be a c–t, jc would be a c–t. Creepy af and an oxymoron to the word human resources. Good riddance. To bad his staff is still sound. Should change soon. Hail new queen bee!

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Post ID: @5sau+12EGO4Wc

Let's remember they laid off 100+ US IT employees in July. They use those "savings" to help fund dividends to prop up the stock price. At some point they need to find a way to sell more units. Revenue is down 20% Y/Y. How do increase dividends and profits when revenue is down that much? Easiest way is to cut staff. That's the "Seagate Way."

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Post ID: @5tqn+12EGO4Wc

There are so many new hires. Their training is about done. The verp didn’t get much traction. Hamr still slipping to the right. Yeah. I’d say it’s probably time for another layoff.

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Post ID: @2zze+12EGO4Wc

What do you expect? With an inexperienced head of HR ? RIP JC

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Post ID: @1jhl+12EGO4Wc

Sorry no trolls here. After board meeting end of Jan, rifs coming. Part of HR team ordering boxes.

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Post ID: @1pzo+12EGO4Wc

Unf*gbeleivable. You guys are so low that one wonders, is it your low IQ, are are you really WD trolls. Look at where the stock is, revenue is, cash is. What do you want more? Let me guess, you want the sh– back - Free salary, no work, double dipping...

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Post ID: @1zxx+12EGO4Wc

Cut and pasted, and to be use again.

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Post ID: @1ebo+12EGO4Wc

I am shocked and surprised...
(that it didn’t happen just before Christmas)

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Post ID: @vhc+12EGO4Wc

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