"NO FREE FRIDAYs" policy. Inflation is over 10% since last raises. Work less to compensate the company for that direct pay reduction. When they do reinstate raises I can assure you this gap will not be closed. I expect they will be 4%. 3% would sound... — read more
Anyone seen the union ?
See our unelected reps lauding it up on your union dues. Money well spent ? Its gone very quiet since the recognition announcement. Wheres all the actions they promised ? Starting to drag on now.
Offer Evaluation help
I am expecting an Engineering Director offer. What is that grade and what is core team leader, I keep hearing people bragging about core team leader Any help
Your Private Disability Insurance
What it means for you: You can work for Seagate for 25 years. Once you leave Seagate for any reason laid off, fired, found another job you are out of luck if you become permanently disabled. Social Security will not consider the income you earned at... — read more
Glass media supplier cyberattack
Hopefully the impact is minimal or none at all. https://www.reuters.com/technology/cybersecurity/japanese-lens-maker-hoya-halts-production-after-cyberattack-2024-04-04/
4 Day Work Week NRM
Many people work from home NRM. Many don't bother work Friday. Leaving work for anyone that bothers to come in. The other days aren't much better for the people to that come in. Management doesn't care
Seagate stock headed for split?
How true is it…bcoz FAANG are doing it
Layoff today - no warning
Amazing how there was no mention of a layoff from any of the people who pretend to be in-the-know
Seagate and Boeing - peas in a pod
On his last weekends show, John Oliver had an excellent analysis on Boeing and how it went from the company that everyone envied and a pride of our nation to a company now producing cheap and sketchy products with half-baked product planning. The... — read more
Why is it that Seagate is full of….
…so many total a$$ whole s? Serious question. I’m friends with many in other companies without this problem.
Closing down of SSDC or Wuxi?
Anyone heard about it?
Derry
https://www.storagenewsletter.com/2024/02/23/seagate-confirm-300-jobs-gone-at-derry-plant/
Song Seagate AI
https://money.usnews.com/investing/news/articles/2024-02-16/sony-to-partner-with-seagate-on-hard-disk-drives-used-for-ai-nikkei
Monologue rant by Air Fros
Last week’s all managers meeting exemplified the poor leadership by this trashy woman.
HAMR OUR FUTURE
No doubt it is
Bullying tactics
https://www.theregister.com/2024/02/01/seagate_northern_ireland_unionised/
Springtown staff vote for Union recognition
Going down like a lead balloon in management offices. Derry Seagate workers vote 'overwhelmingly for trade union recognition' Seagate management must now engage with union reps and negotiate voluntary recognition... — read more
As capacity increases, margins decrease
The step increase in cost of making higher capacity drives while selling for lower price is what will ki-l this company.
All Pay cut restored. All get base increment this year
What I heard is the pay cut has been fully restored. But some locations need to wait until it is announced in Feb or March. For those got pay cut, they get about 4 days leave as a token of compensation. It is not enough to cover the loss. All... — read more
Mozaic 3+!!!!!
30TB launch for the save!!!!
Promotions?
I recently saw someone get promoted here in the states. Are promotions back on worldwide or was this a one off?
Air Frost One new job title Chief People and Places Officer
Can't make this cr-p up 🤣🤣 😂😂
Is there a crime committed?
Leaving aside all the bluster, was the Huawei situation the result of a national security crime by the CEO ?
Janet Yellen declares soft landing of US economy. Wage up 4.1% in 2023
The total inflation is estimated to be around 3.2% by main stream economists. How about you, seagaters?
Nvidia gives SK Hynix & Micron advance payments to secure AI chips
Both get more than half a billion USD. Good for Micron. That's where the AI money goes. Not into spinning rust... https://www.digitimes.com/news/a20231227PD212/nvidia-sk-hynix-micron-hbm-supply.html
Next one is leaving the shinking ship
https://d18rn0p25nwr6d.cloudfront.net/CIK-0001137789/29f95bb8-513a-46c1-bb8f-8e1682af6ed9.pdf
Seagate Technology Layoffs 2024
This is a generic discussion thread to capture comments about potential Seagate Technology layoffs? Any chatter, news or rumors?
Days are Numbered in 2024
Seagate Technology has a total debt of $5.67 billion, 52x its EBITDA of $110.0 million, a return on assets of -9.39% and an Altman Z-Score of 0.25. You wouldn’t know that its financials were less than stellar, given its stock is up nearly 63% year... — read more
C-levels selling their shares
Dave, BS & CFO all have sold millions worth of their shares this month. Saw the public notifications when I looked up my stock accounts. Dave = ~$17M (what the heck?!), BS = $1-2M & CFO = $4-5M. What’s going on?
Seagate VP count
Anyone got an update on our VP numbers after all the layoffs? I believe we were around 80 before Covid.
New data storage technology has been developed
Better join the company that developed it as this will wipe out current data storage technologies.
Head of HR plus entourage at NRM
Maybe a goal based glad handing visit to show the troops that California still cares about fly-over people. Witnessing ERG round tables happening right out the gate. Sadly it looks like little chance of packages for the Holidays. Good luck Gaters... — read more
Lost
Anyone else's department feel like a lost puppy? VP is all over the place and feels like we have gone back in time to no one talking and everyone fighting to shows whose is bigger instead working together.
Any plan to restore the pay after the cut?
I heard there are small "gifts" to those whose pay has been cut.
Happy Thanksgiving
Please remember the better times with your friends and co-workers (past Seagate and current) during this weekend of hope and thanks