This is my expectation over 5 years. It'll take time to unfold, so just start your preps. 2020: 35K employees. Exodus of best talent already underway will accelerate. Career growth opportunities shrink, disappear. Exit Systems business. Eliminate... — read more
Topics regarding layoffs at Seagate Technology Inc.
So what is your take on the VEEP offering to the U.S. based upper management tier? Will these positions be filled by non U.S. people? Will there be mass layoffs after MGNT get their golden parachutes?
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
Used to work at Seagate last decade. Seagate used to be a great place for benefits. Can current employees tell me: Does NRM still have the on-site fitness center? Loved going there, so convenient. Free yoga and boot camp classes. It was... — read more
Noticed in the last day 3 CEO s have been ousted, wework, eBay, juul...is it time for new leadership for stx before it is too late? If in doubt watch the pathetic show at investor day last week. I say it is time.
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.
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
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
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
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've been hearing some rumors, but I'm hoping they're not true...
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/
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
i am excited as all you do
Who is next in line to get the boot.....
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/
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
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
25-30% cut is expected.
Still awaiting for RIF? You all can wait till your neck long long line giraffe. Now the only way is UP UP UP!
This venue has been very quiet lately. Does that mean everyone loves their job and there is no worry of being let go?
Followed by lay offs
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
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
Not a lot of details but people are getting let go.
Next lay off in August.
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
Is there going to be any reorg or Seagate Technology Layoffs in 2019?
Rejoice seagaters, standby too look forward for our profit sharing!
If anyone from Oracle is watching this. You better start soon. Here in Singapore things are not looking to good.
I'd just like to know if some people have competent and knowledgeable managers who actually help them, instead of being an actual hindrance?
Lay off this week just a start. 10% lay off is coming in 2 months. Dothill will be impacted in the next lay off.