Thread regarding Seagate Technology Inc. layoffs

Huge Lay off imminent

25-30% cut is expected.

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Post ID: @OP+10l01Szp

15 replies (most recent on top)

Yippie - having fun now ?

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Post ID: @3pbt+10l01Szp

65m spent on layoffs just last quarter!

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Post ID: @3oen+10l01Szp

Layoffs are happening every single week now and have been for a while. There's no 30%-35% big cut coming, it'll just keep happening all the time.

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Post ID: @3oft+10l01Szp

Here in Pune we still hire new IT people to replace IT around the globe. And expending the building capacity to accommodate even more people.

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Post ID: @3mcy+10l01Szp

Shakopee expected to get hit?

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Post ID: @3gaq+10l01Szp

SSDC sounds like the others. Yep and yes to all. Seagate is full of professional talkers who could not even plug a drive in. Spend so much time debating each other on what to tell the few left who are capable of doing the core functions. And yes they soak most profit and promotions. Manager to Sr to Principal etc.

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Post ID: @2oom+10l01Szp

When is Pune going to be shut down ?

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Post ID: @1bqz+10l01Szp

SSDC? whats the contribution there??

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Post ID: @1bep+10l01Szp

SSDC still working hard for the company.

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Post ID: @1drm+10l01Szp

Who will be left?

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Post ID: @1wxm+10l01Szp

1dkv - That was awesome!

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Post ID: @1vkp+10l01Szp

SHK gone, FRC in half, CUP closes and execs move to FRC... Running out of places to close and then investors should worry about the dividend and debt load.

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Post ID: @1url+10l01Szp

Normandale affected? Shakopee affected? Or will they be passed by if the blood of a goose is smeared on the Seagate icon that looks like the cross section of a Little Debbie cake roll?

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Post ID: @1dkv+10l01Szp

Based on the strange behavior I’ve seen lately I can believe this. It’s coming. Oh well it’s been fun.

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Post ID: @1tjn+10l01Szp

Negative. It’s 30-35%.

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Post ID: @ggg+10l01Szp

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