With the extreme cash crunch, that stx is currently facing .. one of the things that is being discussed at the upper echelons is .. reducing the severance package for the next layoff (if the next quarter numbers are not good)
Seagate typically gave a severance package of 2 weeks pay, per year of working in the company - capped to a max of 52 weeks
Proposal # 1 -- make a flat 6 week pay for every one
Proposal #2 -- 1 week pay for every year of working in the company -- capped to 25 weeks
How do I know this ? Bcuz I am part of these discussions and have had to layoff too many really good people this time ! (And I am not happy)