At the executive level almost 20% of VPs were impacted. At least this is what our SVP told us.
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Senior Leadership had a change of heart and reduced the number of executives impacted. New cost analysis showed that it is cheaper to cut more working level people or/and their salaries than to payoff expensive executive separation packages. Executives are the heart of the company. Employees are replaceable.
The COO ? That’s where the greatest wastage in the company is…the Ops team not on the factory floor needs to be slashed by 75%
Business Excellence should be removed as an executive branch, placed under the COO, and renamed Operational Management Systems. It should have one non-executive VP level leader. There, I just saved Seagate another 100 million a year. Your welcome.
So, when are they going to cut the VPs?
LOL. A lot Snr engineer are blocked in their promotion to Staff engineer. It's really hard to imagine to hold Snr Engineer without promotion for 10+ years anywhere else. But it seems this is really common in Seagate.
Seagate has more VPs and above than the USA has states.
Huge layoff early 2023 highly likely.
lol. I mean look at how many VPs are in operations (esp wafer). I chuckle every time a sr director gets a VP position, and the existing VP gets moved into a made up SVP, and that person reports to EVP. I mean, do you see how often good engineers are passed on yearly promotions, but we magically have $$ to promote these reshuffles every six months?
Given the current volume, lesser new product, even cut 50% vp , this is still ok, In fact more efficient as lesser vp, lesser meeting and report, more work done.
VPs, still got SVPs
Still not enough when you have VPs reporting to VPs reporting to VPs...