Revenue at $2.3b, down 10% YoY 26% gross margin Riffed an SVP. Unfortunately not SVP business excellence. Any other results? When will q revenue be below $2b?
Topics regarding layoffs at Seagate Technology Inc.
Rumours that there's going to be a second payment of £700 made to on site workers who've worked through the Pandemic . Different set of criteria this time
A lot of fear in Seagate Springtown over the rising numbers of Covid positive employees.Management seem to be downplaying the numbers involved.The thermal imaging cameras are redundant in the fact that employees with covid can easily pass the thermal... — read more
Could be next month or last week of January. I got this reliable info on Saturday, yes Saturday.
Any insight into why this was done? And what to expect next ?
Any info on layoffs on 9/24?
Yep, this one is for you all for spreading rumors without concrete evidence, if you really care about others...Do Not announce inconclusive information. If you sre a competitor then you have a sad life.
I landed a new job last month and realized how severely I was underpaid by Seagate. I'm not sure if this was just me but it didn't feel good to realize I should have been making much more for the past six years. Has anybody else who left had a... — read more
As a Big share holder of stx I want my shares to go up. I have invested here not give jobs, but makes money. Make the company profitable by laying off people who are not performing, who work less than 12 hours a day, who rest on weekends. Employees... — read more
Imminent announcement for one design center and one factory to start shrinking in size. Will happen over the next 2 years. Unknown which ones, how badly, how swiftly.
13% more for CEO and 27% more for CFO in the worst year. How do you feel? Justified? https://www.execpay.org/news/seagate-technology-plc-2020-compensation-238
Get rid for bloodbath.
Lay offs news soon. Stock price will hit low 30s soon.
Business atmosphere deteriorating further for STX. Dividend will be cut, lay off is imminent. I don’t have more information but not looking good.
Just read in the news about Boeing, a company a year ago had 100B revenue and 10B profit. It offers its employees volunteer early retirement with 1 week per year up to max of 26 years+few months (2 or 3) of health insurance. This is volunteer... — read more
Seagate Sg big layoff coming up after bonus
Went through seagate's 10-k yesterday. It listed 18 pages of business risks! Wow none of this comes up during the all hands happy time meetings we have. every business has risks, but 18 pages! Exec compensation was not available. It will be... — read more
What’s going on in Seagate IT? It seems like things have quieted down.
However, that may not stop the lay offs. Look at the earning number and guidance. Need to raise more money by selling bonds to pay for employees.
Seagate seems to be struck in drudgery. “Data is the new oil” and Seagate can’t seem to capitalise on anything beyond basic HDD since the 2000s. Revenue CAGR is way down, Units are massively down from 70M to 30M. Acquisitions have been poor -... — read more
Another huge lay offs inevitable now before end of this year. Situation is not looking good.
With cloud companies booming during Covid, why did see Seagate miss on revenue and earnings? Should we be selling more to support data growth in 5he cloud? I thought cloud products have the highest margin but we were at 27 percent. Anyone know?... — read more
As we are getting closer to September, does anyone has any information on the next possible layoff? Which area, which department or anything?
What are the executive bonuses at Seagate? No bonus for executives this year just like no bonuses for us little people?
They point how how Seagate announced but it never materialized while WD has product in the channel. Stx execs owe the team and investors answers for lying to us all. HAMR is not real/delayed/not ready/too costly to produce and ponytail fooled... — read more
20% lay off across the board by Dec
Former seagater here. Is stx product roadmap competitive with WD? Just read about WD ePMR and it seems like a good transition to mamr and later HAMR compared to stx going right to HAMR? What's the truth on products between the 2 companies?
Massive extension planned for Normandale to facilitate full product list production.big concerns in Springtown on this 4 year plan.
Does anyone know the true numbers?
When will the next round happen? No commercial programs, HAMR's dead, SSD's dead, the test equipment is being surplused and the building is being sold. Seems like everyone at SHK, except for a few code nerds, could disappear tomorrow and no one... — read more
Does anyone know what criteria will be used to select who gets laid off? For example, is it based on tenure, performance, location, skills, productivity, amount of work, salary, if you are a whiner, pain to manage, etc?
Mostly dothill and IT side. Not confirmed, most likely.
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
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.