Organizations perform exactly the way they are built. Seagate executive management has performed exceptionally poor over the last 3-5 years, amazing that they haven't gone chapter 11 or been acquired prior to this date. How could an industry leader... — read more 

In case you were wondering, more RIFs are coming. I know because I am on the planning team. I keep asking that we could offer an official volunteer separation option but my peers are not in agreement yet. So, let me share a secret... — read more 

They just sent out the official notice that the wafer South construction project at NRM has been paused until spring 2023. Seagate already spent somewhere around $60+million on the construction project, plus more for the tools that were ordered...I... — read more 

At the executive level almost 20% of VPs were impacted. At least this is what our SVP told us.

https://www.salary.com/tools/executive-compensation-calculator/william-d-mosley-salary-bonus-stock-options-for-seagate-technology-plc?year=2022

With the extreme cash crunch, that stx is currently facing .. one of the things that is being discussed at the upper echelons is .. reducing the severance package for the next layoff (if the next quarter numbers are not good) Seagate typically gave a... — read more 

I've survived about 15 layoffs now. I've outlasted multiple entire management chains above me who are all gone. The vast majority of people I worked for and was lorded over by are gone. Most by layoff. The vast majority of people I worked with are... — read more 

The company really went downhill the last 5 years and seems like every decision the CEO has made has been wrong, every direct hire bad. This can't be right, what have been good decisions?

This will get revenue back on track. How many millions did Seagate pay for this? Is this how executive spend their time looking for opportunities to fix the business?

Be prepared for another 3000 layoff next year 2023 due to low demand and economic recession

Even if you're one of the many who are losing their job, there's no reason to panic. You can always find other work — and it will be better than what you're doing now. After everything this place put us through, how can it not be? Just remember... — read more 

Next is bankruptcy. Look at the financial statements, debt of $600M is coming due, suppliers are being paid at over 100 days from being invoiced, the company is looking to do leasebacks on its real estate for a quick infusion to pay the next few... — read more 

Must be tough time ahead for stx. Time has changed. Feel bad to see a tech company struggling to adapt. https://www.bizjournals.com/denver/news/2022/11/10/seagate-data-storage-campus-sale-denver-metro-area.html

Has anybody received their package docs through email yet I was told this week.

https://www.bizjournals.com/sanfrancisco/news/2022/11/09/seagate-technology-lists-fremont-campus.html

morning email says majority US layoffs concluded. means not all. so next round is expected ? when any idea?

It's no consolation to those who are affected, but in any case I think it's better to be cut now than to wait in uncertainty for another wave. It's not a good time to lose a job, but I believe that many will get a new and better offer faster than... — read more 

No Names, only Titles. Who is gone?

This is too frequent a problem for many companies, but I think the lack of good communication is a huge problem here. People make decisions based on rumors. Additionally, they lose motivation because poor communication is resulting in frustration... — read more 

Maybe I missed it, but what were people offered in terms of a package that got laid off? 2wks/year of service? I thought that's what was typically given in the past.

Good old days are over. Suspect Wuxi will also be closed like what happened to Suzhou plant

Less than 200? Will the remaining be operators?

Too many managers who do nothing but go from one meeting to another to discuss things they discussed five times already in the same week are still here, and too many good employees who did important work that contributed to the company's bottom line... — read more 

Some are saying it's done, others are saying it'll last the whole week, and I even heard a coworker say nobody will be safe until the end of the year (he wouldn't say where he heard it). Is there any way to know who among them is right? I don't want... — read more 

Thumbs up if you are now feeling disappointed that you didn't get a package and will work on until the next opportunity with a sense of dread.

Any changes to the severance?

is RIF at fremont,CA done and no more rif until next quarter ?

STX announced 3000 will be cut. So far we have: LCO Colorado: 300+ STST N Ireland: 30 What else?

I know some groups are done but if we haven't been affected, does that mean that we're still in danger today or for the rest of the week?

Looks like things are done here at NRM. Slider and HGA groups hit hard at 20 to 30 percent. As others have noted purchasing group hit very hard also. Other groups hit in MN but those seem very targeted.

People at LCO are being notified.

I don't know the extent but I do know that at least one mid/senior person was given notice today already. Someone I wouldn't have expected. Checking with all my sources but it is still pretty quiet. Likely just starting to pull people in to give... — read more 

Anyone got more insight news?

0

Rumours that 150 are to be let go from STST - targeting long term sick and people who work across all shifts on days due to health issues . Machines powered down too on a daily basis

The Board has simply gone along with all the nonsensical ideas of the CEO. If STX had an actual participating BOD, what would they do to fix the business?