Thread regarding Seagate Technology Inc. layoffs

Lay off

Huge lay off in January/Feb time frame. No info on exact time. Longmont will be affected. Especially, dothill division.

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Post ID: @11XYoPJw

12 replies (most recent on top)

Read the financials 17m spent on layoffs last q and 25m the q before. It is just happening every q instead of a big one but it is happening. Financials are only going to get tougher the next 4 years. Look at coughlin associates HDD forecast and look at not the stx best case they talk about but the other 2 cases and there would have to be a big layoff.

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Post ID: @11XYoPJw-5qdm

We've been constantly reading these lies about "huge layoffs imminent " .Is it the same id–t who keeps the rumours going.Give it a break mate.Its starting to get very boring.

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Post ID: @11XYoPJw-5tqk

Not enough took the Veep. The purge has already been going on for a while in the sr ranks. You might notice other disappearances continue now. It’s being done quietly. The company is way too heavy.

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Post ID: @11XYoPJw-5zcf

Wuxi the whole plant now under Kor....
Shutting in 1-2 years depending on the volume

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Post ID: @11XYoPJw-4eyc

LOL, rumors of SHK being shut down were the rage five years ago. There are no rumors of any facilities if you really want the truth. Only the man behind the curtain knows the truth.

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Post ID: @11XYoPJw-4xch

How big of a layoff at SHK and NRM? I heard SHK will be shuttered by June 2020. That's major, if true.

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Post ID: @11XYoPJw-3bhm

Seagate in Singapore is well know conducting evergreen retrenchment drives, so many graduates already knew about it be it in public forums or this site =(

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Post ID: @11XYoPJw-3haq

Last 12 month revenue is now under $10b. A big layoff should have happened one year ago but praying instead of executing has not improved the business and only expecting $2.5b next quarter. With 26% gross margin, 400m opex, there is only enough left over for the dividend so expect at least 100m in layoffs. Last quarter layoffs were 17m, 25m quarter before for comparison. Expect SSD and systems to be shutdown or divested but who would buy it. WD just sold its systems business.

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Post ID: @11XYoPJw-1yya

Fake news.

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Post ID: @11XYoPJw-1uhj

Last 12 month revenue is now under $10b. A big layoff should have happened one year ago but praying instead of executing has not improved the business and only expecting $2.5b next quarter. With 26% gross margin, 400m opex, there is only enough left over for the dividend so expect at least 100m in layoffs. Last quarter layoffs were 17m, 25m quarter before for comparison. Expect SSD and systems to be shutdown or divested but who would buy it. WD just sold its systems business.

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Post ID: @11XYoPJw-1sow

SSDC HR did an employees age calculation,the average ages are 51🙄😓

Based on the current trend, Graduated not even want to join Seagate 🤣🤣

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Post ID: @11XYoPJw-yfl

Company revenue shrinking year over year. Number employees declining tear over year. Now company can’t sustain, have to cut big. If you making over 100k in SG-LMO you are iut next year.

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Post ID: @11XYoPJw-ttl

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