Actually is the opposite, increase of 25% for the remaining staff.
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Might be more than 25% reduction
This is normal policy, must maximise profits, margin. Having worked in Seagate for 20 years+, nothing surprises me anymore.
Yes, that is confirmed.
Yes! From Steve Luzhou your beloved CEO
Are you surprised? HR has been reviewing it for implementation across multiple sites.
Got to keep the stock price up