Stx is a good place to work. However, working for STX is only a matter of when will you be laid off, not if. Market for its business does not grow. Products pricing pressure increases daily. Thus stx will need to adjust cost accordingly. The only... — read more
Topics regarding layoffs at Seagate Technology Inc.
What's going on? Should I take no news to mean good news or that everybody is too busy with layoffs to say anything?
No layoffs in IT. Looks like IT got a pass and has reached steady state...finally.
Write off FY 2020 as bad due to Covid, layoff 5000 and pretend it will be better in 2021.
My manager told me of the leadership all hands meeting today by Nygaard. It seems he is getting ready to take on the CEO job.
That’s what my VP said, because people working remotely full list is not ready yet. My VP said last week our group will not impacted, but today many people left. More lay-off expected in September.
HDD SSD Operations Firmware Please add others to the list. What about HR? Finance? IT? Sales? Marketing ? Any news about these...
What I know is second list is ready.
Today’s is small, several eng were not included. Dothill is excluded this time, but will be included in September lay offs for sure.
Many tech companies Very slowly realizing now that we are heading to full blown recession and it is not going to be V shaped recovery, it takes many years economy to come back. This quarter many tech cos refused to give guidelines, expect 50-60%... — read more
Expect shares to drop to $10, and 45% lay offs.
One off $500 gesture of goodwill payment to everyone as a thank you for working through covid . Won't impact profit share .
"Backblaze always has the most thorough results for drives and this report is no different. A significant problem was that Seagate drives were failing more often than any other drive which is disappointing."
Does this job even help Seagate or weigh it down? What are some examples of how business excellence makes you get better or makes Seagate worse? I don't like how they're in charge of all the layoffs, that should be manager discretion.
Is seagate supportive off its employees affected by this.
I know at some point huge lay offs will happen, but I believe it is not imminent until September. I am in dothill, we may lose 50% of our colleagues.
15% Cut possible.
Anytime before September huge layoffs. LCO is done.
There is no doubt lay offs will be around the corner, wondering how deep it is going to be. What about LCO? What about Dothill? Only managers please.
What's everybody's take on the current communication on bonus.... Anybody else feel that they should dumb it down a bit and cut the bulls**t, in the current climate, an additional thank you payment should be made for the fact manufacturing levels... — read more
Read the article in CIO mag. Attended the all hands mtg. Know what is actually in production and what is not. Does the CIO really now what's happening? Or is his staff just YES men? Or is his plan just keep changing environments? On prem to... — read more
Not sure it is true
Rumours that there's going to be a 1 off payment of 3% of annual salary made to employees as a sign of appreciation for continuing to work through the covid 19 crisis.
I think it's not really a secret that Seagate had a layoff schedule in the works, and I think it's also fair to say that it was scheduled for sometime in the past. My question is, what benefit does a corporation have to delay? Does Seagate expect... — read more
Amazing to see people (animals? ) on this board rooting for failure of any company that employed thousands of people at this time of crises. All because of unhealthy personal hate in the case of this company. Regardless of what a company had done to... — read more
When will STX implement the policy? It’s business as unusual!!
Although it is mostly symbolic top executives at some companies are making personal sacrifices due to the coronavirus tragedy. Have Seagate executives done anything? https://www.cnn.com/2020/03/26/investing/ceo-giving-up-pay-coronavirus/index.html
As Corona virus disrupted our business seriously with decline in demand we may see huge lay off.
How is your plants management handling the issue of the coronavirus? Is it like Seagate Londonderry? Management putting some employees lives at risk.Product more important than the health and safety of some employees and their families.People who... — read more
I worked at stx for many years until rif last year. How is management communicating about current situation? Any motivating messages someone can share? Just curious
Probably it will allow them revisit their earlier plan and increase number of lay offs.
unfortunate. I did not see any other avenues
10% from Asia....any news from US?
F— Outlook. Just my two cents. I hope the CIO gets fired for this b—s— just like he got demoted from corporate strategy for his b—s—. You may have saved money moving us to office but the productivity is going to be lost in the millions... — read more
From 2009, but stx playbook during times of crisis like coronavirus. Seems reasonable. unexpected? http://m.startribune.com/seagate-to-cut-workforce-1-100-jobs-or-2-5/44947122/ Hard-drive maker Seagate Technology said Wednesday it plans to cut... — read more