Update on Salary Increases
All HGST employees,
As is our usual practice, managers review salaries once a year and recommend salary increases and promotions where appropriate, within the established budget.
Due to volatility in the global market, we are delaying final approval of salary increases for a few months. We are moving forward with increases for direct labor employees (such as operators in our factories), and where we are legally required to proceed. Approval of all other increases is still pending.
By July, we will assess market and business conditions and make decisions accordingly. We will communicate further direction as soon as decisions have been made.
Thanks for your support as we assess and adapt to the current market. My staff and I look forward to providing more information at the upcoming town halls.