Dear CIO thank you for saving Seagate millions of dollars moving my Verizon iPhone to T-Mobile. Your leadership and wisdom is amazing. Now my Seagate and personal data once again has been breached. Signed All of... — read more
Topics regarding layoffs at Seagate Technology Inc.
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
You know, at one time there must've been dozens of companies makin' buggy whips. And I'll bet the last company around was the one that made the best goddamn buggy whip you ever saw. Now how would you have liked to have been a stockholder in that... — read more
Everybody still recovering from Thanksgiving or has everyone with something to say waiting on their VEEP package clock to commence on December 20th?
Is this going to be an interesting year as it relates to Seagate Technology Layoffs 2020? Any news or rumors?
Major decision will be announce on last week of January. Insider
Has it been known to happen?
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
Huge lay off in January/Feb time frame. No info on exact time. Longmont will be affected. Especially, dothill division.
you're considering going back to a company that has already laid you off? if you're not happy w/ your current company, it's better to find another company. as an hiring manager, if i saw someone jump back and forth to the same company, it would... — read more
I was laid off 1.5 years ago My current job is 40% more than Seagate But my happiness here is also 40% less Now one manager want me back coz one of his team is retiring. Should I go back? Should I ask for 20% more than what I was paid in... — read more
Not thought out, poorly planned, simmering pot of ego's about to all be jockeying for parking spots. Bye Seagate.
They haven't decided to totally cut off all funds to R&D yet and we still have a large Seagate Research group funding all kinds of pet projects and stuff. Once I see that cut I'll have to admit, they are going to cash flow it all the way down. I... — read more
FQ1 2020 Results Non-GAAP Year-Over-Year Revenue DECREASE = 13.8% Year-Over-Year Net income DECREASE = 45.9 (ouch!) Year-Over-Year Earnings Per Share DECREASE = 41.4% Operating Expenses trending up. Look out below...
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?
Are we into our best quarters to come? Seems so
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
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
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!