Thread regarding Seagate Technology Inc. layoffs

Seagate is a good company

Stx is a good place to work. However, working for STX is only a matter of when will you be laid off, not if. Market for its business does not grow. Products pricing pressure increases daily. Thus stx will need to adjust cost accordingly. The only area for them to tap for cost reduction is in development. Everything else is barebone.

The lucky ones who escaped this layoff round, may not be so lucky at all if stx decide to cut its relatively generous discretionary severance package. I suspect they will cut or tremendously reduce future severance at some point to cushion their restructuring expenses. (One will be hard pressed to find a decent severance payout like Stx these days.)

BTW - highly suggest new grads think twice about accepting a job with stx. The managers are not trained but thrown in trial by fire, thus some will panic in crunch time and make your job performance hell. Also, some managers should have no business in management at all. If you are unlucky and work under one of those, you do laundry works and meager bonus.

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Post ID: @OP+15jRHhWo

5 replies (most recent on top)

The question for new grads, is what marketable skills will you have when you get out if you get laid off in 3-5 years?

I mean, a job is a job, but how does the technology transfer to other fields?

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Post ID: @5wul+15jRHhWo

ebq+15 - The OP message is spot on. IMO it's the most truth you will read in any posting here. I think most remaining employees are concerned if there will be a decent severance when their time comes.

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Post ID: @1qxx+15jRHhWo

Why do you say that? He's just sharing his opinion.

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Post ID: @xie+15jRHhWo

New hires certainly shouldn't take a job in IT unless it is in the Far East.

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Post ID: @iqh+15jRHhWo

Sounds like you are speaking outside both sides of your mouth.

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Post ID: @ebq+15jRHhWo

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