The downward shift happened just around year 2000 as the execs decided to shift our focus from taking care of 'stakeholders' (customers, vendors, shareholders, workers) to taking care of 'shareholders' ONLY - it's all about profits now, it's all about shareholders now and stakeholders (all of them except shareholders) are in the center of everything. All fundamental aspects of Seagate started to fade, while we made money, we alienated pretty much all other stakeholders and you are seeing results of this right now. No, it'll not stop here, they will continue to tighten the belt regardless of how much money we make and how much employees are disgruntled, how much our customers dislike us or how much our vendors think that we have unrealistic expectations. There are several straightforward solutions for this but I'll leave it at this.
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I was laid off in 2009. I am quite happy to be in a different industry where I exhert some control. Slavegate is way way too big and not personal. I am hearing from a senior director that the upcoming layoffs will be brutal. The business is changing drastically for example mission critical volumes are expected to drop by at least 50 percent. Good luck.
I was one of the 2% who was recently laid off. Our senior management were sly, devious and completely untrustworthy. When I was tasked with having to give special training I had my suspicions that I might be selected. I was told no I wouldn't be but I was right in the end. Called into HR and given the letter. 15 Loyal years forgotten about.
American companies suck. I'll never work for one again. The senior executives made bad business decisions and the employees take the hit. Well done Seagate - way to go!!!