What’s going on in Seagate IT? It seems like things have quieted down.
Topics regarding layoffs at Seagate Technology Inc.
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.
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