That was bad. The CEO showed a TAM of the year 2025, 27 to 30b in total revenue, that will be split between the 3 HDD companies, data from McKinsey. That is 10b each. Lower revenue than this year with costlier energy assisted products. And raise... — read more
Topics regarding layoffs at Seagate Technology Inc.
Just announced 3 percent increase in dividend which means another 10m in cuts in expenses to pay for it. If you thought you were safe get the resume polished.
I see so much negativity here that it makes me wonder if there is anybody left at Seagate who is still happy with their job. I'm not talking about the constant possibility of layoffs - sadly that's a given in the majority of companies these days. I'm... — read more
Things are going well when a company sells it's silicon valley headquarters. How many of the Cupertino job will disappear? https://www.bizjournals.com/sanjose/news/2019/09/11/seagate-sells-100-million-office-in-cupertino.html
Were you happy with your little bonus? Believe the CEO is as bullish as he says? https://finance.yahoo.com/news/seagate-technology-plc-stx-ceo-231507874.html?.tsrc=rss
I heard the rumors but is it true? Us this why ponytail is no longer at stx? No surprise that mood is terrible in r and d and plm. See below article confirming internal... — read more
Face it all losers. Not gonna possible for any lay-off this year & next year. Pls come back again in 2021.
It will start happening big next year. https://blocksandfiles.com/2019/08/28/nearline-disk-drives-ssd-attack/
I've been hearing some rumors, but I'm hoping they're not true...
Collected bonus last week. Awesome!
Did you think someone else was responsible for your happiness? Waiting around for a package, you behave as if this is so. The package is not coming. Recession and layoffs are coming, eventually. Things we can all agree on (though they may be... — read more
Who is next in line to get the boot.....
i am excited as all you do
Does anyone believe stx should stay in flash when bigger companies cannot do it? https://blocksandfiles.com/2019/08/16/oracle-lays-off-300-to-400-flash-storage-people-hold/
Over the last several months, some of my coworkers in MN have disappeared. Typically find out when you need something job related and then get the reply, “not sure who’s doing that now he/she was laid off x-weeks back.” Could this be hamr has caused... — read more
Blocks & Files thinks we might even see the company offload its enterprise systems and flash businesses. If it can do better with dollars invested in making disks rather than arrays and SSDs, then it may decide to concentrate everything on disk... — read more
HR and Executive trolls come on this site and post that there are no RIFs and nothing to worry about. Look at the recently posted financials where STX is down to 40k employees and spent 63m primarily on workforce reduction as part of restructuring... — read more
Still awaiting for RIF? You all can wait till your neck long long line giraffe. Now the only way is UP UP UP!
25-30% cut is expected.
Followed by lay offs
This venue has been very quiet lately. Does that mean everyone loves their job and there is no worry of being let go?
Slander is a malicious, false and defamatory statement that sometimes can spread around the office. The slandered employee might feel pressured to leave his job and could begin court proceedings against the person who committed the slander and... — read more
If anyone from Oracle is watching this. You better start soon. Here in Singapore things are not looking to good.
Rejoice seagaters, standby too look forward for our profit sharing!
Some people on here are too close to stx, its rocket science tech, ponytail fan boys, HR trolls, execs lying, etc, and having difficulty seeing the big picture, but saw this on Yahoo finance this morning. While the broader market has gained 7.2... — read more
Anonymous is a lie! I found out a few back they all knew I made a mildly critical comment. Even managers I didn’t work for knew. I’ve deleted every survey since and I recommend you do so as well as the best course of action
I mean I can’t seem to think of anybody at my location that is even close to being satisfied working at this place and the people at this board certainly have nothing good to say about the company. Really curious to know if there is any part of the... — read more
Next lay off in August.
I work in IT and was impacted by the July 1st reduce in force. Did you know many of you were let go not due to budget cuts or reorgs, but to be replaced by cheaper, younger temps? After 6 months the temps will become employees. I am planning on suing... — read more
I'd just like to know if some people have competent and knowledgeable managers who actually help them, instead of being an actual hindrance?
Looking forward to it. This by far the greatest company I ever work with. Stable & flexible. — read more
Lay off this week just a start. 10% lay off is coming in 2 months. Dothill will be impacted in the next lay off.
CIO seems further and further from reality
Do we know if there'll be any more layoffs today? It would be nice to know just how nervous I need to be when I head out to office this morning.
My friends whole team completely got lay meaning include their manager
Not a lot of details but people are getting let go.
Bonus also coming