It is not that easy to find another one in Singapore in terms of work life balance. And also its retrenchment package is generous. Most local companies will not have that if I am not wrong. I hope Seagate business will recover in 1 year horizon... — read more
No future for Seagate
The goal is to maximize the extraction of value out of an existing business to the board and the institutional shareholders and to milk it until its dry and they've offloaded its worthless corpse to new suckers. This here is sadly what's been going... — read more
They're planning to extend the salary cuts another 6 months. Will be announced in FY24 Q1
PFrosty and her HR army are targeting an additional 10% cut across the board, regardless of role. P3 and up will have their salary reduced for additional 6 months. I'm personally jumping ship soon. "People first!"
SEAGATE = ENRON 2.0
How is this for equality?
Didn’t violate any Rules but paid the fine anyway!
I was on a Seagate business trip and driving a rental car. I got pulled over for an alleged traffic violation. Even though I believe I didn’t violate any traffic rules, I paid the fine anyway. Can I include the fine on my expense report?
Make no mistake - Dave doesn't lose
Dodgy Dave owns 0.3% (approximately 621,000) of the outstanding shares in Seagate. Dividends of $0.70 per share per quarter would yield him an annual income of $1,738,800 or 158% of his listed base salary. Yet this sociopath has the audacity to tell... — read more
Uphold Integrity at Seagate: Complete Annual Code of Conduct Training
Email today: Uphold Integrity at Seagate: Complete Annual Code of Conduct Training Dont forget to complete this training. I think someone is having a laugh asking us to complete this after what the company has done. I definitely will not be... — read more
More Excellent Business Decisions
Headline reads “Seagate Technology Holdings Has Affirmed its Dividend $0.70 for July 5th”. We are selling buildings and incurring massive layoffs to raise cash to pay the Dividend? Floating a new much more expensive bond sale to cover the previous... — read more
Why is no one talking about this?
The Chief Legal Officer just dumped $216k of STX stock
She should of been fired for the Huawei deal
The General wants to cut operators pay by a minimum 10%
Was on a call and she was insisting the next round of pay cuts will have to include Operators and hourly employees...Not good.
a couple of key points: For some companies, noncompliance may be considered good business as violating the export controls may result in penalties that will be a fraction of the revenue the companies gained by violating the law. (that was the... — read more
Further pay cuts and cutting 401k match in FY24...yikes
Starting in FY24 there will be another pay cut and Total Rewards team is planning to cut the 401k match from 50% to 25%.
It's infuriating, when you stop and think about it
Those of us who possess the invaluable expertise and know-how to effectively manage and run things are shamefully undervalued and underpaid. At the same time, those clueless souls who come to us for help, including so-called managers, are raking in... — read more
They cut critical functions at NRM, leaving key groups tasked with the HAMR ramp scrambling to figure out how to mitigate disaster. Yet the group working on DNA storage were spared?! WTF!!!
I'm now a quiet quitter
I used to think quiet quitting was something lazy employees did. After the last round of layoffs and the way they were done, I realized that those who are quiet quitting are the smart ones. Some of the best and hardest workers lost their jobs. What... — read more
Raising up 1 billions dollars to pay debt
More layoff comint and building shutdown
Dont forget about Ethics Hotline
Has anyone tried calling ethics hotline about our CEO?
Is there chance of another layoff
What’s the likelihood of having another one.serious answers only
Ask questions in the coming all communication channel of mid June
What questions do you have in your mind? Please "REPLY" under this thread
Seagate ethics question 13: In this scenario Dave has a million HDDs in his basement. Should he: A. Sell them to whomever he wants, cause he-l, hes Dave. B. Sell them illegally as our guy is clearly above the law. Sell them to someone he... — read more
Shakopee DNA storage research
I’m surprised Seagate kept their DNA storage research group in Seagate research. A Total waste of money in my opinion. Anyone know why that group was not eliminated?
Wuxi and Thailand??
Anyone know how the impact was in China or Thailand?
So, you decide to work at home anyway
I can’t help but notice a majority who were let go haven’t been seen in their cube for weeks or even years in some cases. After we were all told to come to work 5 days a week unless remote is approved. Did you think they wouldn’t notice or did you... — read more
Seagate Springtown news
Why all of this is happening
It was obvious then and it's even more obvious now - Seagate should have suspended their dividend 2 years ago when WDC dropped their dividend. This clearly was a strategic blunder. Seagate management has been managing the company as though there... — read more
Seagate Announces Offering of Senior Unsecured Notes
1 billion in notes being floated by Seagate to help pay the previous UnsecUred Notes. Kind of like Credit Card balance transfers but for your Business when you s$ck at money management.
We're nearly there.Seagate Springtown management have twenty days to appeal the court decision. Will STST waste their time and money appealing the decision,or will they hold their hands up and admit defeat.HR and management will now have to abide by... — read more
Is Frosty out?!
Spreadsheet says so… anyone have the details?
NRM actions today
As per normal Slider and HGA took a huge hit of 40+ on a guess. Main targets this time were hourly and frontline salary positions. A few people from miscellaneous and support groups have also been effected. After this NRM has become even more... — read more
Done for the round? no official numbers?
Is there supposed to be a news release?
How can we know if we're safe?
If my team was affected already, does that mean the rest of us are safe? I know usually that would be true, but my manager is keeping his mouth shut and that worries me a little. It could also be that he genuinely doesn't know anything just yet, but... — read more
Hope this company ends in dust
The way ppl are treated..and removed at will. I hope this company bites the dust soon so that ppl don’t have to go through this in the future. Pls managers next time when you post something to hire don’t boast saying it’s a Grt company and pls tell... — read more
How was the layoff list decided?
Anyone know how the decision was made? From the upper management? In which level? Or based on performance?
I gots the deets…kinda
US teams are done except for managers. Asia will be done by US midnight. Every team is impacted by at least 1. The managers have their meetings this afternoon. Managers have been asked to be onsite for a United front. If you’re in a group meeting... — read more
North American Layoffs today at Seagate
I was laid off today. $200M in layoffs is what the package says. Good luck Seagaters.... Severance package was the same as October and March layoffs. Fairly generous if you have any time in. Minimum of 4 weeks.
Do they lay off in group meetings or individual?