Get rid for bloodbath.
41 replies (most recent on top)
9/24 or 9/25 or 9/26.......etc.
Eventually you will get it right.
mo–n!
People who come here to read on this site are very worried, regardless of what they say. In their mind, STG is a f—ed up company, which is why they visit this site. Living in fear! lol.
09/24 is the new date, confirmed.
It's up to you, believe or not.
"Yawn.... layoff is necessary in any business. Who cares, lives move on. Just work, when the day comes, you are ready. It is what it is. Don't worry, be happy."
Then WHY are you here? hahaha.
It is confirmed - imminent - 9/23 Layoff if not then 10/3 if not then 10/23... Hey eventually, I will be correct.
Yawn.... layoff is necessary in any business. Who cares, lives move on. Just work, when the day comes, you are ready. It is what it is. Don't worry, be happy.
did this mythical bloodbath happen? Of course not ! More bullsh1t from people who should know better.
Management is being considerate to give everyone a peaceful Labor Day.
Good luck to all.
9/3 was the date for managers to finalize rif list and prepare paperwork for end of quarter layoff. It is happening and dates vary regionally
what a b—s—! where is the so called "blood bath"?
hahaha, reaction to a unfounded rumor is pretty funny, which tells STG employees' life. lol
Good luck everyone!
Will be off this board until the next BIG rumor comes up.
Any word on the SHK closure and the move to NRM? How many people will move? How many more will be let go?
You are all weak. Stop torturing yourself uploading your tears to this webpage.
Thank you,
HR
It means that lay offs can happen anytime and the yahoos that spread false rumors on this site should shut up unless you actually know something
Does it mean that it will not happen this month or may be until next 3 months? Or we can expect a layoff any day now?
Same rumors will happen in three months. I mean eventually you'll be right.
Nothing? Nothing?
Nothing happening.?.....Locations please?
Business as usual. Nothing happen.
Watermelon anyone?
Popcorn anyone?
Any news yet?
We will know in a few hours
Your definition from investipedia does not align with your statement. You are really looking for net cash flow.
Net cash flow is comprised of three forms of activities, which are:
Operating activities. This is cash both generated and used by the basic operations of a business, such as cash receipts from customers and expenditures for cost of goods sold and administrative expenses.
Financing activities. This is cash received through a debt agreement, or cash issued to pay off a debt, repurchase company shares, or pay out a dividend.
Investment activities. This can be cash received from a gain on an investment, or cash issued to buy an investment instrument or purchase fixed assets.
Very respectfully, you might be unintentionally confusing the audience. This is the definition from investopidia -
Free cash flow is the cash a company produces through its operations, less the cost of expenditures on assets. In other words, free cash flow (FCF) is the cash left over after a company pays for its operating expenses and capital expenditures, also known as CAPEX.
So, FCF is money in your pocket after all the deductions.
Fcf is not the right metric as it only gives a partial story of cash flow from operating minus capex. Overall cash stx is negative 500m in 2020. Stx is a financial engineering company so you have to look at investing and financial activities of cash flow. If stx cannot continue to borrow it is in trouble.
If you want to use fcf start with net income of 0 so subtract 166m from last q fcf Capex was low in q4 and we néed to ramp hamr capital so expect it to be 100m higher than last q at least. Subtract 100 from fcf at least. The answer is still the same, stx needs to borrow to pay the dividend and keep the business running.
The math and the assumptions don’t make much sense to me. It’s actually very simple, all we should look at is FCF. Last quarter FCF was $274M, prior to that $260M and the one prior was $280M. That is money in the pocket after paying everyone off. So how do you say we go from $274M of FCF to $0?
How much of a revenue decline does this translate into? Almost $1B - The simple math you refer to Just doesn’t make sense.
Look at the income statement. All expenses between gross profit and net income. R&d and sg&a was 14% of revenue in 2020 The 1 pt diff the poster is crying foul on does not save the company. Stx's problem is 100s of millions in expenses not 10m.
https://www.nasdaq.com/market-activity/stocks/stx/financials
The poster was keeping the math easy like he said. The diff between fy20 gross profit and net income was $1.842b in rough expenses made up mostly of r&d and sales and marketing. Not quite 500m per q but I think the gross margin of 25% is high with all of the fixed costs at factories with low volumes. The posters math is fine for the purpose provided. Stx will borrow to pay dividend and to pay for all of the severance packages.
R&D, sales and marketing has never been more than 15% since years. Stop the BS!
Honest question, where is the $500m for R&D, sales, and marketing reported? Quarterly financials?
Here is easy math. Stx revenue forecast for this q is $2.1b. gross margin will be around 25%, that's about 500m in gross profit. Back out r&d, sales and marketing of $500m. That's 0 in net income. Then pay the dividend of 160m. Stx needs to come up with 160m and there is only one lever stx knows...wait for it...layoffs. this is one q, Covid will impact business until next summer. Don't forget about all of the debt it needs to pay interest on.
Warning people is one thing but spreading fear without proper evidence is mean. If you have reasons behind what you claim then say it. It's anonymous anyway so explaining a bit wouldn't hurt much. I am with people who are willing to beg their bonus for no layoff.
Who
I’d join the other folks placing bets but my bonus has already been invested in Tesla stock last week. Better return than STX stock could ever give.
Tick tock, tick tock, are you certain this will happen? What is your motivation? To help? Or, to cause fear?
I assume you mean bet. I'll take you up on that offer. Escrow?
I will be my bonus on no rif Sept 3. Who is willing to put their money where there mouth is?
This will be like the predicted February lay-off that never happened. We'll know soon enough.....
Which region are we talking about?