I was laid off today. $200M in layoffs is what the package says. Good luck Seagaters.... Severance package was the same as October and March layoffs. Fairly generous if you have any time in. Minimum of 4 weeks.
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I am affected. Immediately Before the layoff our manager told us 25 to 30 % depending on department.
As for HAMR, hahaha
If you look at the decisions. None of us can understand the compliance violation. And let’s pay the dividends and upend thousands of families. Oh and let’s tell the remainder to do the same work without key knowledge holders, because who cares and we sure don’t care
Oh and SSD will never overtake the freaking Titanic!
Yes. I worked in the SSD group which at it’s best was just Seagate’s placeholder
Yes. I made less than $100k
Sure I coulda been more ambitious, but I did good work - the best I could given some of the choices others made. Some of my work opportunities got siphoned away. So you do the best you can.
Why is the number of grade levels higher above Staff Engr than below it?
in development for over 5 years
Try over 20 years. It was first started by IBM in upstate New York back in the late 1990s.
Glad I sold all my STX stock after I got canned. This company is doomed.
I have no idea how some sh0it is going to get done now. Not my problem.
The cuts went deep. Rumor is above 20% world wide. I have no idea how any delivery is sustainable at this limited resource level. There were some names this round that were key leads for product delivery. I am assuming they were volunteers.
The all clear meeting, was useless on information. The same product schedule and technology deliveries were cut and pasted as a slide to those remaining. I am certain the new leadership has never delivered a product before or they would have asked, "exactly how is my team going to do this?"
More severance detail please
"$200M in layoffs is what the package says."
Say the average salary is $100K that is approx. 2,000 people fired from the US. IMO the hammer technology or the lack of it is slowly ki-ling Seagate. Hammer has been in development for over 5 years and that is an eternity in the HD industry. Also, sales have plummeted. One can only ask creditors for $$ and eventually they all say NO MORE!
Big cuts in Longmont but not substantiated. 300-400 will be terminated or roughly 1/3 is what I heard. Every site in US is being pounded 25% perhaps more.