Dividend cut as revenue takes a "pause"? If they can't hold the dividend and still be cash positive, and/or severe guidance cut then it'll be a bloodbath.
This hits the nail on the head. Judging by everything said so far, the only way for Seagate to achieve what it set out to achieve is through major, major layoffs. Which means we are screwed.
Using your number
If all sites 60 x 150k for badges plus admin and distribution plus new readers being installed = millions
Millions is a stretch for badges. I hope your joking anyway. The "robots" cost 150K per year per site. So, yeah maybe a half mil or more per year will be spent for that hair brained scheme.
Millions for new badges to protect physical access to third place HDD cloud tech.
Has anyone got a new badge? It's all smoke and mirrors to calm us. Until I see a new badge I call BS!
Im on mon-fri days.Enjoy your 12hr nightshifts.Hey little man there is no need to get all defensive and hurling insults.I gave you good advice on you should grow some balls and stop b--ching.If you dont like the way you are treated at work, then leave your job.
You know it stings when they have to insult you.
You're obviously a c-shift c***s---ing ball licker . Yes sir no sir 3 bags full sir . You should grow some balls and stop being such a brown nosing orange weasel
@X3n38pw-4kdq..Grow a pair of balls and dont let your manager treat you like c*@p .Stop being a whiny little b--ch..Seagate Londonderry has a better atmosphere now than it ever has had.
Morale in springtime DERRY is at rock bottom amongst the production staff . Overworked and treated like c*** by management.
Yeah and thats why there will be no RIF in Springtown Londonderry.
You are hiring in Derry to facilitate cuts in Normandale. Congratulations.
Hiring more people because of terrible yields on all new products does not mean a successful financially stable company. Higher yields lower costs and make the company stronger, not the opposite.
No RIFs in Seagate Londonderry.More interviews done last week for all the new positions.Looks like we are improving week by week.Great morale between staff.A new management style that has brought everybody on board.
I've got my photo filter app pic of me as a unicorn ready to go! Remember, any judgmentalism is not allowed, and I may even enforce you call me Uni. You better say it serious or we're going to have to go down to HR together and learn about inclusivity and micro-agressions.
You are all missing the big picture: we can now have personalized badges. Let that sink in. Your own badge style, to express The Real You. How cool is that?
Only an Employer Of Choice could do something that awesome.
So, RIF, Schmif. My badge is gonna rock.
The sandboxes are to cover up the 50% of the buildings that are vacant, dark, and tattered with dusty office junk strewn everywhere. Walk around and visit the areas that show what the whole building will eventually look like in time.
Yet the company seems bent on spending money on sandboxes for those new hires (Muse rooms.....haha!) How about just embracing the talent that got you through the last 20 years?
People coming in? Sure the turnover is being replaced with younger people and more women but Seagate has gone from 53k employees to 42k in less than 3 years. The trend is clear and with dropping volumes the head count has to continue to drop. It is all moving to just a few cloud drives that are not as profitable as past drives and so many people are not needed and there cannot be any waste.
So many people coming in, yet you asking people to get out! SO HAI
F--- seagate. Get out while you can
F--- seagate. Get out while you can
Great advice. Not fearmongering but a lot of tech has reduced earnings expectations (ex. Samsung, Apple, etc.) but Seagate has not for some reason yet. Not sure the benefit of the "quiet strategy" of our leadership. It just creates a lot of uncertainty.
What some call scaremongering, others call trying to HELP people get prepared. Of course they are not going to announce anything to you until the day your manager calls you into your office to lay you off like always is done silly. The official financial statements can't be released until earnings reporting time. Until then, we get flow down information from our management that we will have a weak quarter or 2. And, didn't you read the last email from DM stating such? I guess not. So, instead of getting blind-sided on layoff day by surprise, perhaps knowing the risks now will HELP you prepare. Consider 1)Get resume updated and ready, 2)Save for emergency fund, 3)Don't take on any new debts, 4)Don't purchase the stock and/or sell now.
People - severance is not much unless you have been here a long time. Get started on your resume and networking - the recession is coming and there will be no jobs for a while.
Too much quiet and people are suddenly disappearing due to "targeted RIFs" outside of r and d. Something big is coming for r and d.
The only things that have been said are the rumours on this site.No confirmation of anything.No official statements.Why try and scaremonger??