High time to dismantle it. Seagate paid too much for it. Too many employees, sitting idle whole day.
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Topics regarding layoffs at Seagate Technology Inc.
Sure signs that you work in a healthy environment free from toxic politics. 1) Leadership is open, fair, authentic, honest, friendly and supportive. 2) Failures and mistakes are treated as lessons. Finger-pointing is frowned upon. 3) Employees are... read more
Seagate has a long history of putting the focus on people. I don't think that point needs supporting. But HOW they focus on people is amazing. Imagine you were a cruel child and wished to torture ants. You'd get out the magnifier and FOCUS sun rays... read more
If you own this stock, what you own is a share of 5 billion in debt. If ALL post dividend income is diverted to pay debt assuming last years peak income will continue forever, your talking 15-20 years to pay it off. How much will HDD income grow?... read more
As our innovation is lowest ever and demand for our product declining, our stock price may hit 25 by end of this year.
Huge lay offs coming
I'll be a buyer when it's back in the 20's.
Wise words from a grand old timer (XyrateX, of course): pay heed and scoot out of this sinking ship, fellow rat mates. The Rat King of EDS is planning a major rat slaughter come next quarter, and his bandicoot army is already lining up a**es for a... read more
What happened to the last post regarding PENANG.. ??????
Can anyone confirm this? Plan move entire gloabl ops & dev team to Pune...
EDS on the long term roadmap to divest human assets in 2 quarters. Pune stripped to single digit for sustenance. LCO team hinging on a gasping Pods and will be let go once it transpires to be a massive failure. EDS management, take a bow! Getting rid... read more
Going on at Bay Area, next stop long mont, after audit expect huge lay offs. They are infamous for recommending huge lay offs
Just a matter of time how many. No salary hike, no bonus, vacation policy change, all are coming very soon. Work like a skilled labor.
Either the company is stupid or they are very smart. Who in their right mind runs a business this way? Whenever they need to show profit they just layoff hundreds of people! So, people have become their greatest commodity? Focus on people, remember?
Few things you could see coming in future The focal hike for EDS team reduced by 50% Bangalore site to be shutdown (mostly RSS & OSS teams here) Few guys from Pune could be part of this (Aug-Sept-Oct) RIF Shuffling of teams likely in Pune/US... read more
Big RIF being planned; aimed to hit the worker bees in a few days. SSDC, Shk and LCO all impacted. This one will leave a big crater on the NASDAQ for sure, mates.
The list is ready. Sorry folks. Good luck.
Is this common? I know we aren't supposed to know our coworkers pay, but almost double??? Really? Been here almost 10 yrs and thinking it's time to quit just to get a raise... Performance isn't the issue... Consistently receive 4s and 5s on reviews... read more
Seagate has expanded its Nytro family of flash storage devices with the two new members in form of the Nytro 1351 and Nytro 1551. Seagate's long-term NAND supply agreement with Toshiba Memory Corporation is finally starting to bear fruit. The... read more
Time frame Oct to Nov
Did not believe earlier, we are working day and night to deliver releases to customers…but heard it is true.It is going to be massive…many numbers in US and shutting shop in Bangalore.Seagate will go down in history as the first company to fail in... read more
Ok so this has been asked in another post,I think that there are posts being deleted which makes a mockery of this site.Another scary thing is some people in derry who work in Seagate Springtown cant post anything unless they use a VPN.
Will there be layoffs this week or not?
We'll have to wait a couple more years before this farce is completely up I think. I'd love a layoff pack and then get a better job. I'd have to fight rampant age discrimination in hiring practices, but I bet I could get something comparable within 3... read more
My groups numbers have dropped over 50% since the first big layoff. The latest verp set the age at 55 and decreased the kicker to 50k. We have one new guy. He’s great at what but we lost a lot of experience and knowledge to the layoff and people... read more
92 hours profit share plus 5.2% focal increase
Are we looking at more layoffs in August as several people here said or has that been debunked? I've heard some comments to that effect at the office as well, so I'm inclined to believe the rumors this time. However, with so little detail available... read more
Looks like older employees with most experience are no longer waiting to be cut by Seagate. They are finding better jobs and leaving on their own. We lost two of our best workers within two weeks of each other because they were tired of their... read more
Head of India IT Seagate is looking for a highly experienced and talented business leader with IT / Technology Industry background to head our IT Global Development Center Operations in Pune, India. Responsibilities Candidate must have extensive IT... read more
Mercenary BABY! And that means no mercy either. We can walk away with zero notice and a fist full of job offers ANY DAY. Haha. Many gone left, but some still are waiting for that severance pay. Yeah, it ain't 2008 and nobody needs to hang on for dear... read more
I have been at STX for a long, long time. I love my job. I love the people...most of them. I like the money. I am okay with the medical. I stopped worrying about promotions a long time ago. When boss wanted me to move, I moved. When boss wanted me to... read more
I heard there is downsize the management in SRC penang ... look like a lost waste management over there...
Heard seagate let go majority of the dothill employees in Sugust or Deotember, especially eliminate all H1Bs.
On Monday Seagate offered its older high level people a Voluntary Early Exit Program to consider.
I heard there were layoffs in Longmont, CO before the July 4th holiday. Anybody have an update?
It seems will completely disappear in few months.
Hi folks, Just curious how much is the salary increment percentage for a promotion from Senior Engineer to Staff Engineer? I got contradictionary information when I tried to obtain such information from peers. Maybe the ex-Seagater can share it here... read more