Thread regarding Seagate Technology Inc. layoffs

Dividend increase in January, more RIFs to come

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.

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Post ID: @OP+117Iv8qB

5 replies (most recent on top)

Have fun !

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Post ID: @6aul+117Iv8qB

Seagate's biggest resource is their people. At this point they're the only way to reduce costs. Well, that and depreciating equipment faster and getting out of SSDs.

Management was very proud at investor day how many sites have been closed in the last three years. Time for round two.

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Post ID: @5srf+117Iv8qB

Just fire everybody and close already.

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Post ID: @1rry+117Iv8qB

More like mandatory action. Gonna get your asses kicked !

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Post ID: @1ntm+117Iv8qB

Voluntary action coming

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Post ID: @rta+117Iv8qB

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