CEO feels good. Said it's going to be a fun year. Or.....wait? What's his idea of fun?
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Topics regarding layoffs at Seagate Technology Inc.
No longer do I have to live in the high tax state of MN or deal with the crazy weather. There is life and success after Seagate - you have to have the funds to be able to start a business ; will never work for another company again. My income is over... read more
After so many round of chopping, STX finally stay at $46.xx.... You guys still hoping the share will go up some more or already SOLD the ESPP?
I got riffed in 2009, from a large Minnesota facility. This was after many years of employment (dating back to MPI) and many years of riff rumors. In the old days the riff events typically happened at 2.5 - 3 yr intervals. Occasionally I look at this... read more
Top management reviewing the VSS package for acquired companies. First changes to be rolled out for the impending cuts in Seremban XTX where we are expecting to see up to 25% lesser payouts for remaining staffs.
FYI - Backblaze's stats - ST4000DX000 the worst drive ever - so much for all that hoopla Jim... https://www.backblaze.com/blog/wp-content/uploads/2017/01/Q4-2016-Drive-Failure-Rates.jpg
Apparently even Hynix, the worst NAND supplier in the world doesn't want to JV with Seagate. Next 3-6 months will see significant downsizing to SSD teams while Seagate 'focuses on the core'. Look for Luczo/Brace to cut from LCO, TCO and possible... read more
Somebody wrote: Back in 2005-2008, Seagate made a major investment in solid state memory (SSM). Why was that effort canceled? NRM was developing it. Where would Seagate be now 8 years later if that project went forward?
Anybody got info on this? Departments? Headcount?
The 2015 China Tax Story unfolds...... http://www.scmp.com/news/china/economy/article/2064276/seagates-move-close-factory-china-adds-fears-suffocating-tax
Rumor has it there maybe a layoff midweek. Hope it's not true.
Seagate is too reliant on other companies to provide it with the hardware it needs to manufacture SSD. It has no SSD capabilities itself. HDD will be around for some years to come but will only serve a smaller niche market for cheap surveylance and... read more
there is rumors 2k employee held protest and ramp a truck into the entrance gate in Suzhou plant? there were causalities as well? anybody can confirm this rumors?
I thought a design center would be closed before a factory. I will miss working with the Suzhou teams.
Rumours that SKDC will have the same fate as TCO.
The December 24th, 2016 Savage Pacer has a short article about the Shakopee layoff. According to the article, the total number laid off was 155.
Who can solve the math quiz? It's loaded with dark humour. Here is the problem setup. Company is Seagate Company is not averse to laying off staffers, especially if they are high performing and do not kiss buttt Assume 30,000 total employees at end... read more
Back in 2005-2008, Seagate made a major investment in solid state memory (SSM). Why was that effort canceled? It was in MN.
Havant, UK. Guadalajara, MX. Seem ban, MY and some downsizing and closures in the US still to come. Much of it is because of recent acquisitions... you just don't need 6 manufacturing sites and 18 engineering design sites when you can produce at 3... read more
SHK closing before summer
Dothill div to lose 20% employees.
When will this happen?
Everyone is replaceable anywhere. That is fact, not fiction. What will happen when deep learning takes over? It will be much worse in many ways, but much better at the same time in many other ways. Any factory job including in the US is Slave Labor... read more
There are a number of engineering jobs posted for both US drive center locations as of today. This is on the company external/public website. Most are all marked as Intern or - Entry Level. Several seem to be for engineering functions (mechanical... read more
A Non-Affiliated Visitor Post: Magnetic storage is going by the wayside. Maybe it'll make a comeback like vinyl, not. I'm sure WD & Seagate are in talks to merge, since there will only be enough volume for one company. Probably trying to decide who... read more
Can HAMR turn things around? Thoughts?
Wish I hadn't witnessed the sloppy presentations at Shakopee after the layoffs, but a mass funeral could have hardly been worse. Cold hearts from Longmont Colorado came in today and s---ed the life from the veterans of the industry that stole... read more
It is utterly devastating to see the heart and soul of a once proud MN engineering institution that was a purveyor of many great innovations gutted out yesterday. At SHK yesterday, It was like a death in the family with many gut wrenching good byes... read more
Only LCO is working on nearline drives so TCO has to go. All people working on mobile, desktop or enterprise HDDs should get the message. There is no future.
I would assume that all the terms are standard and non-negotiable for the severance... But I thought I'd go ahead and ask anyway. Anyhow, did anyone try to negotiate some different terms (For health care, or end date, or anything)?
This starts the first day of my new work life. I have been making contacts lately and actually found a couple of things that I may be interested in. I may even switch career paths and industries but that's a long story... If I could give some advice... read more
Any news from CDG?
There's is a lot of anxiousness, fear, vile energy and company bashing on this forum right now, so to move in another direction, could you share with us what got you working here and what keeps you going, and still working here? For me, it was and... read more