Noticed in the last day 3 CEO s have been ousted, wework, eBay, juul...is it time for new leadership for stx before it is too late? If in doubt watch the pathetic show at investor day last week. I say it is time.
Investor day embarassment
That was bad. The CEO showed a TAM of the year 2025, 27 to 30b in total revenue, that will be split between the 3 HDD companies, data from McKinsey. That is 10b each. Lower revenue than this year with costlier energy assisted products. And raise... — read more
Dividend increase in January, more RIFs to come
Just announced 3 percent increase in dividend which means another 10m in cuts in expenses to pay for it. If you thought you were safe get the resume polished.
How many of you are still happy at Seagate?
I see so much negativity here that it makes me wonder if there is anybody left at Seagate who is still happy with their job. I'm not talking about the constant possibility of layoffs - sadly that's a given in the majority of companies these days. I'm... — read more
Seagate sells $100M office in Cupertino to Bay Area investors
Things are going well when a company sells it's silicon valley headquarters. How many of the Cupertino job will disappear? https://www.bizjournals.com/sanjose/news/2019/09/11/seagate-sells-100-million-office-in-cupertino.html
CEO sells $5m in shares
Were you happy with your little bonus? Believe the CEO is as bullish as he says? https://finance.yahoo.com/news/seagate-technology-plc-stx-ceo-231507874.html?.tsrc=rss
WD a year ahead and 20 percent lower cost?
I heard the rumors but is it true? Us this why ponytail is no longer at stx? No surprise that mood is terrible in r and d and plm. See below article confirming internal... — read more
Seagate share crossed $50 mark. Sign of good years ahead.
Face it all losers. Not gonna possible for any lay-off this year & next year. Pls come back again in 2021.
How long before SSDs replace nearline disk drives?
It will start happening big next year. https://blocksandfiles.com/2019/08/28/nearline-disk-drives-ssd-attack/
Any more layoffs at Seagate any time soon?
I've been hearing some rumors, but I'm hoping they're not true...
Seagate bonus
Collected bonus last week. Awesome!
Face Facts: You Are Responsible for Your Life
Did you think someone else was responsible for your happiness? Waiting around for a package, you behave as if this is so. The package is not coming. Recession and layoffs are coming, eventually. Things we can all agree on (though they may be... — read more
CIO is at it again
Who is next in line to get the boot.....
Are anyone excited on the upcoming profit sharing and focal increment?
i am excited as all you do
Oracle k--ls Flash division, 300 gone
Does anyone believe stx should stay in flash when bigger companies cannot do it? https://blocksandfiles.com/2019/08/16/oracle-lays-off-300-to-400-flash-storage-people-hold/
Co-workers disappearing. Lay-off or time portal?
Over the last several months, some of my coworkers in MN have disappeared. Typically find out when you need something job related and then get the reply, “not sure who’s doing that now he/she was laid off x-weeks back.” Could this be hamr has caused... — read more
Blocks and Files sees STX selling flash and systems business
Blocks & Files thinks we might even see the company offload its enterprise systems and flash businesses. If it can do better with dollars invested in making disks rather than arrays and SSDs, then it may decide to concentrate everything on disk... — read more
$63m spent on RIFs Last Quarter
HR and Executive trolls come on this site and post that there are no RIFs and nothing to worry about. Look at the recently posted financials where STX is down to 40k employees and spent 63m primarily on workforce reduction as part of restructuring... — read more
4 great quarters, sump to a full year of profit again
Still awaiting for RIF? You all can wait till your neck long long line giraffe. Now the only way is UP UP UP!
Huge Lay off imminent
25-30% cut is expected.
Next stx share target 32, shirt until then.
Followed by lay offs
All quiet
This venue has been very quiet lately. Does that mean everyone loves their job and there is no worry of being let go?
Help With Slander in the Workplace by Justin Schamotta
Slander is a malicious, false and defamatory statement that sometimes can spread around the office. The slandered employee might feel pressured to leave his job and could begin court proceedings against the person who committed the slander and... — read more
Oracle audit for IT after RIF
If anyone from Oracle is watching this. You better start soon. Here in Singapore things are not looking to good.
Seagate price hitting US$50 soon
Rejoice seagaters, standby too look forward for our profit sharing!
Stock Perspective
Some people on here are too close to stx, its rocket science tech, ponytail fan boys, HR trolls, execs lying, etc, and having difficulty seeing the big picture, but saw this on Yahoo finance this morning. While the broader market has gained 7.2... — read more
Anonymous Survey
Anonymous is a lie! I found out a few back they all knew I made a mildly critical comment. Even managers I didn’t work for knew. I’ve deleted every survey since and I recommend you do so as well as the best course of action
Is there anyone that’s satisfied working at seagate?
I mean I can’t seem to think of anybody at my location that is even close to being satisfied working at this place and the people at this board certainly have nothing good to say about the company. Really curious to know if there is any part of the... — read more
How many affected in LCO in first lay off.
Next lay off in August.
Seagate Breaking The Lay With Latest RIF
I work in IT and was impacted by the July 1st reduce in force. Did you know many of you were let go not due to budget cuts or reorgs, but to be replaced by cheaper, younger temps? After 6 months the temps will become employees. I am planning on suing... — read more
How would you rate the performance of your direct supervisor at Seagate?
I'd just like to know if some people have competent and knowledgeable managers who actually help them, instead of being an actual hindrance?
Any update on upcoming profit sharing announcement?
Looking forward to it. This by far the greatest company I ever work with. Stable & flexible.
More lay offs coming
Lay off this week just a start. 10% lay off is coming in 2 months. Dothill will be impacted in the next lay off.
What is the message to take? Technology company doesn't need IT? What a joke
CIO seems further and further from reality
More today?
Do we know if there'll be any more layoffs today? It would be nice to know just how nervous I need to be when I head out to office this morning.
IT layoff in Asia
My friends whole team completely got lay meaning include their manager
IT Lay-off today in Cupertino
Not a lot of details but people are getting let go.