Thread regarding Seagate Technology Inc. layoffs

Further salary cuts

Does anyone know when the announcement for additional salary cuts is going to be made?

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| 3012 views | | 6 replies (last August 7, 2023) | Reply
Post ID: @OP+1nTOuLJ7

6 replies (most recent on top)

Yes, they hate employees, steal from them, redistribute money to themselves, and there’s no integrity. I think everyone at the company is now fully aware. In addition to people leaving, many are quiet quitting awhile to see if Seagate will stop stealing their money in a few months and maybe return some of HAMR launches well. So, do t forget to take your unlimited vacations.

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Post ID: @6vok+1nTOuLJ7

I believe everything my leadership says. What choice do I have? Go Seagate!

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Post ID: @3xhy+1nTOuLJ7

Q2 is the earliest opportunity. Leadership mentioned at recent earnings call that it will take a few more quarters before revenue improves. Only item guaranteed now is paying out a dividend. Need more revenue and higher cash flow to remove salary cuts. Some people are worried about more good performers leaving company so they are offering false assurances.

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Post ID: @1pqq+1nTOuLJ7

October. You will work for free and own nothing.

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Post ID: @1elz+1nTOuLJ7

You must be shorting the stock. Agree it's a BS rumor.

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Post ID: @bqp+1nTOuLJ7

No more pay cut. Stop spreading fear.

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Post ID: @brq+1nTOuLJ7

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