Thread regarding Seagate Technology Inc. layoffs

Has a layoff date been determined?

When is exercise date?

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| 4011 views | | 12 replies (last April 22, 2023) | Reply
Post ID: @OP+1mfUxq84

12 replies (most recent on top)

I guess it's easy for Nygaard to say that when he has all that stock and options.

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Post ID: @1dkg+1mfUxq84

What layoffs? How many? When has it been announced?

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Post ID: @1fgd+1mfUxq84

Nygaard was big on layoffs..."It's a necessary part of a healthy business" he once said. I guess Seagate just became very healthy without him!!!

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Post ID: @1qjq+1mfUxq84

Surely if they are planning to lay off a significant number of folks in CA by they'll have to give notice earlier than may 22. Like may 1st or so.

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Post ID: @1jgc+1mfUxq84

Is the Diversity, Equity, and Inclusion group safe from RIF? I'm an essential Senior analyst and just wondering if my job is safe!

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Post ID: @zme+1mfUxq84

Yup. I’d say the odds are pretty high that many of those interns whose dates were pushed are gonna get an email on May 22 yanking their internships, too. Probably w no compensation for leases signed, travel expenses already paid, etc. And lost summer wages. It’ll be too late to find something new.

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Post ID: @cgw+1mfUxq84

Last reply nailed it

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Post ID: @xds+1mfUxq84

Well it makes sense why internship start dates were pushed from May 22nd to the 30th. My bet is it’s May 22nd.

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Post ID: @tmt+1mfUxq84

Before pay cuts are enabled.

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Post ID: @sri+1mfUxq84

Q2 8% layoff announced on 26 Oct, executed on 8 Nov. Based on this, Q3 layoff announced on 20 Apr, execution date should be in the first week of May

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Post ID: @pxc+1mfUxq84

Figure still finalizing. Should be mid of May, need to be executed before end of June

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Post ID: @bkx+1mfUxq84

soon

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Post ID: @vhd+1mfUxq84

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