Total net profit for final quarter $70 million. Total net profit for 2016 $248 million. In comparison the total net profit for final quarter 2015 was $138 million and for the whole of 2015 $1.7 Billion. Can someone therefore explain to me how the... — read more
Travel freeze?
Saw some foreign Faces in w3. Seems like travel freeze is not executed or maybe there is no governance for some teams
Eliminate the fats to achieve the cost saving targets
Why have facility and posh office/ building in one of world's most expensive cities? I would rather have that R&D office in US (Proudly proclaimed Designed in USA, rather than Singapore!) Moreover, there are many redundant old folks in Seagate... — read more
FALLING HDD MARKET
The prediction is that HDD in all portables will reach EOL this year; HDD life in all PCs will end by next year. Well, HDD as main stream in data centers or clouds could survive a little bit longer, let's guess, say three years or sooner! So for the... — read more
Mosley gets a nice hike & Poor Phil gets a chance to earn higher bonus ....
(e) Compensatory Arrangements of Certain Officers On July 25, 2016, the Compensation Committee (the “Compensation Committee”) of the Board of Directors of Seagate Technology plc (the “Company”) approved the increase of William D. Mosley’s annual base... — read more
http://www.theregister.co.uk/2016/07/25/seagate_havant_factory_closing/
no-one saw this coming now did they ;)
Seagate Class Action Alleges Employee Data Breach
The Seagate Employee Data Breach Class Action Lawsuit is Everett Castillo, et al. v. Seagate Technology LLC, Case No. 3:16-cv-01958, in the U.S. District Court for the Northern District of California. Everyone Jump on board! :D
What will be released in the beginning of Aug?
Email which will be another notice in the beginning of Aug was sent a few weeks ago. Anybody know what this is?
Intel/Cisco acquisition rumur
I heard the rumors of Intel or Cisco are in discussion to acquire Seagate. Is there any truth behind this?
Live to fight another day
That's why Citi rates STX as a hold. I feel STX holds me to alive to fight another day.
Out of the 6500 layoffs announced a couple of weeks back, only about 4300 have been accounted
Out of the 6500 layoffs announced a couple of weeks back, only about 4300+ have been accounted, What about the balance 2000+ left? Any updates.
Can anyone confirm US call center outsourcing? If so, when?
Really looking forward to being laid off, cannot come soon enough for many of us in this department
When is the next one coming ....
When is the next one coming - too bad that we do not know the date yet ...
What are all terms you use in the UK for layoffs?
Anyone? Please list as many as you can. I am in the USA and we use, RIF (Reduction in Force), Layoff, Job Cuts and Resource Action
Heard SV site is closing down in May 2017
I heard that SV site is closing down by May 2017. There will be a few more rounds of cuts and then the remaining folks will move over the hill to Cupertino.
Layoff at Seagate US sites
It seems not many Seagate US people will be affected this time. Seems most reductions will be in Asia.
#segxit hashtag to honor those brutally terminated by Seagate
All the best everyone, is cruel, is painful , but life got to move on. Will not ever buy or support seagate product ever!! mudda putas Seagate
Any official communication on plant/site closures
Any official communication on plant/site closures
After 6500 layoffs, expectation that another 4000 layoff announcements will come if quarter is not well in q1.
If not how to boost share prices to pacify the shareholders
UK is facing the brunt of Dothill adventures!
Looks like Dothill is having the last laugh. Seagate's own version of Brexit :(
Havant laid off
Announcement just in Havant is out
Penang plant close~die!
today com-session confirmed that Penang Seagate Plant will be close soon. taking a year from now to wipe out.
Total employees on Asia manufacturing facilities . .. Anyone can help to update ??
Woodlands ? Suzhou? Wuxi? Penang? Korat? Teparuk?
Change the top management
Every time Seagate not doing well, the employees get retrench. After so many round of retrenchment, still didn't bring in the desired result. Shouldn't the top management take responsibility and accountability ? Do they have the best business model ?... — read more
Hostile work environment!
Years of Lay-offs, no raises, not even cost of living increases, taking away one weeks vacation a year, medical insurance benefits getting worse every year(while consistently becoming more expensive). I remember when Seagate wanted to retain the best... — read more
These Workers Should Organize a labor union to prevent further layoffs and cuts
Organize organize organize. Call a union....914-318-0031
United Kingdom Has To Wait Until Tomorrow
Good luck to all of you, none of this looks good. Keeping my fingers crossed!!!
MySeagate.com
Where are the separation instructions on MySeagate.com?
The 14% should be exclusively at the design centers in the USA.
Strategically axe 80% of USA design center's staff and it would operate better in less space. That's being conservative, it's probably closer to 90%. All personnel, including management, on the line. You would need to bring in folks from the outside... — read more
Life after seagate. Dont get stressed. Chill out.
There was life before seagate and there will be life after seagate. Everyone needs to chill out. There are jobs out there if you want to work. Sure it will be a pain in the asslooking for a new job, but you will het one. Life goes on. In my opinion... — read more