Does anybody else still working at Seagate trust our current leadership? Believes they can turn us around? If there is somebody who believes this, I'll be mildly put shocked. Hopefully, everybody has seen through them by now, and knows that the only... read more
Topics regarding layoffs at Seagate Technology Inc.
You have to vacate the the cihntry within 45 days as if new rules or else DHS will send FBI to arrest you. Happened to one-off my friend at Cupertino.
I was laid off from Longmont last year and it took more than 6 months to find a job in what people call a great job market for job seekers. Here is what I learned: Seagate is considered old tech and not a great name on your resume unless looking for... read more
I've been sending out my resumes for the past several months, testing out the water, and what I'm finding is really not good. There don't seem to be that many available jobs - no matter what the economy numbers are saying. And even when I was able to... read more
EDS / Cloud brethren: Much more is to come. Stay tuned for repeated, small RIFs at workerbee level... All at and above Staff level - LCO and Pune - start preparing for life outside Seagate. 'Misalignment' with mgmt will hasten your journey - for... read more
Whats up with EDS guys? Anybody care to enlighten us??
I heard something is going on in Valencia. What do you know about who is staying and who is going / who is all impacted?
They escorting at least 2-3 people. What’s happening?
What happened to all the supposed big layoffs? Why didn't they happen? Can't wait for more rumours and lies.
I've noticed people are being fired lately much more often than it was the case before. I know of two guys who were shown the door in the past two weeks - and in both cases the reason given is mildly put ridiculous, something that usually would... read more
April it is
Remember this, people. Severance is not something dictated by law. It's literally on the company to decide if it does or doesn't want to give a package to laid off employees. Don't wait for something that might not be coming just to find yourself in... read more
I overheard a discussion about the Cupertino office closing and moving people to Fremont building. The discussion sounded as it would be a transition and not just an overnight switch. Any truth to this? Anyone know more of these details?
I've survived Seagate for more than 15 years, letter received, only to get a mere 3 months package.. should have move on earlier to others
Now need to force take AL, so retrenchme t soon? Rumours around that pay 2weeks for 1 year
I really wish we were told what's going on - just waiting, guessing and worrying is mentally exhausting. I think I'd handle it better if we new layoffs were tomorrow - at least I'd know it'd be all over after that, one way or another. Having to wait... read more
Why are people talking about layoffs at Seagate in March as if they were a sure thing? All I saw so far were a few rumors here and there, nothing concrete. Did I miss something? An announcement or even a hint from an official source that something is... read more
With more layoffs looming sometime next month, I've become more tempted than ever to just leave on my own. Wait for layoffs, if I'm not on the list, leave anyhow. I'm so tired of having no semblance of job security. I was wondering, those who have... read more
40% layoff from management level to operators, starting March till end of year, restructuring plan for department, retrenchment packages less than expected.
In stages throughout 2019 to avoid impact in earning. DH Will be cut 50%
Seagate Springtown got absolutely trashed in the most recent focal survey,it wasnt the first time this has happened and wont be the last.Management have been scratching their heads wondering why the results were so bad.The geniuses that are the... read more
I was with seagate for a couple of months before i was shown to the door due to "re-structuring" I had packed all my stuff even before the hearsay lay-off rounds got in, on the day itself just awaiting managers' name calling and went in smiling to... read more
Lots of pressure on HDD prices. https://www.pcworld.com/article/3341336/computers/solid-state-drive-prices-get-even-more-ridiculous-this-240gb-ssd-is-just-30.amp.html
There needs to be some exec changes sales did not see this down turn at all. Sales leads need to be changed at VP level investor relations has not messaged where the company is going and the stock has not moved much what is business excellence VP and... read more
These upcoming layoffs will be my first experience of layoffs, (yes, this means I am new to Seagate). What is the usual process and how long does it take? Is it a long drawn out process that can happen to anyone at anytime over the next few months?... read more
I've been a regular reader of "seagate layoffs" for quite a while and 99% of the stuff posted about layoffs is utter bullsh11t.There is not one contributer that knows what is going happen,its all lies and fantasies.People scaremongering just for the... read more
Trump will help us against STX.
Here is a link to see who is buying and selling. Surprise - Valueact is the only one buying https://www.nasdaq.com/symbol/stx/insider-trades
End of April 38%, print.
Susquehanna doesn’t believe the worst is over for Seagate Technology (ticker: STX) stock. On Tuesday, the storage-technology company gave an adjusted earnings-per-share forecast of 70 cents for its March quarter versus the Wall Street consensus of... read more
Grape vine says EDS done for. Massive haircut in the offing. Worldwide. Can anybody confirm?
My team was happy that that stock is up this morning but that is not that story that is good for our jobs. Stock is up because it is implied there will be cost containment and cutting. Focus on "profitability and cash" means cutting since they cannot... read more
$300 m revenue drop in Q2 to $2.7 b. Forecast is another $400m drop in Q3 to $2,3 b. I think we have to go back to before we bought samsung hdd to see such low revenue numbers for Q3. I do not know how we buy capital for hamr or pay dividend with... read more