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Seagate Technology — Download Report (company IR deck)
Seagate Technology (STX) · 19 slides · Filed Oct 21, 2026
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Slide 1 — Diversity, Equity,
FY2023 Diversity, Equity, & Inclusion Report Fifth Edition
Slide 2 — RISE Towards a More
RISE Towards a More Inclusive Tomorrow At Seagate, we hold an unwavering commitment to fostering a diverse, equitable, and inclusive workplace. We are dedicated to championing our core value of inclusion in every facet of our operations across ~30,000 employees in 41 global locations. As a global company, we take pride in shaping our work culture where every individual feels valued, heard, and empowered to reach their full potential. In FY2023, we focused on building on our past successes, and continued to RISE in each of the following areas: This report outlines our progress in these areas, offering a glimpse of our diverse and vibrant workplace and our ongoing efforts to make our company a positive example and catalyst for change in the areas of diversity, equity, and inclusion. Representation Inclusion Social Impact Equity 2 | Introduction Introduction | 3 Celebrating our Fifth Edition! Introduction
Slide 3 — Dave Mosley
Dave Mosley CEO We are committed to fostering an environment where diversity is celebrated, equity is championed, and inclusion is ingrained in our company. As we reflect on the past year, it becomes evident that our company’s strength lies not only in our products and services, but in the unwavering dedication of our employees. In our fifth annual Diversity, Equity, & Inclusion (DEI) Report, we proudly present the significant progress we have achieved since Seagate’s inception in 1978 and our commitment to ongoing advancement. 4 | Introduction 1978 Seagate Founded 41 Site Locations ~30,000 Employees 5,000+ U.S. Patents Introduction | 5
Slide 4 — Table of Contents
Table of Contents Representation 07 Inclusion 16 Social Impact 24 Equity 30 Conclusion 33 Additional Resources 34 7 Representation | References to “Seagate,” “we,” “us,” “our,” “its,” and the “Company” within this report refer to Seagate Technology Holdings public limited company and its subsidiaries. 6 | Introduction Representation We recognize that a diverse workforce mirrors the diversity of the global community we serve, and this is evident in our methods for both attracting and retaining talent. We remained committed to nurturing leadership and forming partnerships with community organizations that amplify the voices of underrepresented communities and value all identities. In FY2023, we reduced our hiring volume based on business need, but remained committed to a diverse workforce by recruiting talented candidates around the world. Representation | 7 This report covers activities managed by Seagate Technology Holdings public limited company, an Irish public limited company, during our FY2023, which ran from July 2, 2022 through June 30, 2023.
Slide 5 — 31.3%
Diversity by the Numbers Global Women by Job Levels 4.0% 3.5% 1.2% 2.0% 0.4% 0.3% 4.5% Executive Director Manager Supervisor Professional Manufacturing Specialist Support 28.6% 25.9% 24.6% 24.0% 21.3% 20.5% 34.1% 30.7% 29.6% 39.2% 38.5% 38.0% 33.7% 32.1% 31.7% 80.2% 80.2% 80.5% 15.9% 16.3% 16.3% FY2023 FY2021 FY2022 Global Women in Leadership 31.3% FY2022 33.6% FY2023 30.4% FY2021 Representation | 9 Leadership represents supervisors, managers, directors, and executives Percent change in each category was measured from FY2021 to FY2023 8 | Representation Boomer: 1946–1964, Gen X: 1965–1980, Millennial: 1981–1996, Gen Z: 1997–2012 Employee type: Employee type includes regular, intern, and fixed term Representation demographics are self-reported as of June 30, 2023 Global Gender 42.8% 57.1% Undeclared or other gender represent <1.0% of the population Global Generation 4.8% 44.6% 42.7% 7.9% Boomer Millennial Gen X Gen Z U.S. Diversity Highlights 35.4% Asian 1.3% Two or More Ethnicities 4.8% Black or African American 0.4% Pacific Islander 3.8% Hispanic or Latino 0.2% American Indian
Slide 6 — 25%
New Internal Podcast Celebrates Inclusion Introduced in FY2023, “Championing Diversity: Voices of Seagate” aims to elevate voices and share diverse perspectives from our vast Seagate community. It was created for Seagate employees to hear and share their stories, experiences, and unique insights from their personal and professional lives. The podcast series focused on celebrating women’s history month and women in technology. It was hosted by employee resource group (ERG) members and Seagate leaders. Topics included embracing curiosity in both life and work, effective networking, and recognizing one’s value. Seagate Board of Directors We understand the decisions and strategic directions set by our CEO and board of directors have far-reaching implications for Seagate and its stakeholders. By fostering an environment of openness, where information about board members is readily accessible, we enhance our accountability. Women Minorities 25% 25% For the most current information about Seagate board of directors, please view our website. Representation | 11 10 | Representation Representation | 11 Left to right: Annie Flaig (Senior Vice President of Global Sales), Yolanda Conyers (Board of Directors Member), Patricia Frost (Senior Vice President and Chief People and Places Officer)
Slide 7 — Seagate Workforce by Job Category
12 | Representation Seagate Workforce by Job Category Representation | 13 U.S. RACE/ETHNICITY JOB CATEGORY Asian Black or African American Hispanic or Latino White Other* N/A** Management 27.8% 2.2% 2.9% 62.8% 0.5% 3.8% Technical Employees 39.0% 2.0% 3.2% 49.5% 2.4% 3.9% All Other Employees 33.4% 11.5% 5.6% 43.5% 2.0% 4.0% Data is compiled in accordance with the Sustainable Accounting Standards Board and is based on self-reported demographics from the HR management system as of the end of FY2023. Employee information is self-reported. *Other includes the following classifications: Native American or Alaska Native, Native Hawaiian or Pacific Islander, and Two or More Ethnicities. **N/A = not available, not disclosed, or other gender GLOBAL GENDER GLOBAL AGE U.S. MINORITY/NON-MINORITY JOB CATEGORY Female Male N/A** <30 30-50 >50 Minority Non-Minority N/A** Management 33.6% 66.4% 0.0% 1.8% 49.6% 48.6% 33.4% 62.8% 3.8% Technical Employees 19.6% 80.3% 0.1% 12.5% 62.8% 24.7% 46.6% 49.5% 3.9% All Other Employees 77.4% 22.6% 0.0% 16.2% 66.0% 17.8% 52.5% 43.5% 4.0%
Slide 8 — Awards and
14 | Representation Representation | 15 Awards and Recognition Seagate is proud to continue to receive industry recognition for our inclusive workplace practices and benefits. Seagate was recognized as a Best Technology Company for Women for the fourth year and Best Company for Women for the second year. Fairygodboss 14 | Representation Seagate was recognized with the Equality 100 Award: Leader in LGBTQ+ Workplace Inclusion recipient for the fifth consecutive year. We earned the 2023 award in early FY2024. Human Rights Campaign For the fourth year, Seagate’s Thailand sites were recognized for enhancing our work environment and equipment, to help empower our disabled workforce. Outstanding Organization that Empowers Persons with Disabilities Award Seagate was recognized for the second year as a Military Friendly Employer, the first time at the silver designation. Seagate also received the Military Friendly Spouse recognition. Military Friendly Employer
Slide 9 — Inclusion
16 | Representation Strengthening Inclusion Through Our Employee Resource Groups At Seagate, inclusion is amplified through our employee resource groups (ERGs). These groups, and the employees that participate, serve as catalysts by creating networking channels, career development opportunities, and nurturing professional growth. 3700+ members, 7 countries, 9 ERGs, 29 chapters Inclusion | 17 16 | Inclusion Inclusion We recognize that diversity alone is not enough and progress comes from fostering an environment where everyone’s voice is valued. At Seagate, we have worked to cultivate an inclusive culture where ideas flow freely and innovation knows no bounds. Our initiatives are aimed at breaking down barriers, strengthening camaraderie among diverse groups, and helping our people to grow and develop through learning opportunities.
Slide 10 — Sirpreet Singh
Sirpreet Singh Fremont MERG Leader and Senior Engineering Manager Fremont, CA Seagate Military Employee Resource Group (MERG) in Fremont, CA MERG provides a supportive network to our veterans, active-duty employees, and their family members. Our goal is to help individuals through the transition from military to civilian life while fostering a deeper understanding of the perspectives and skills these individuals bring to our workforce. 18 | Inclusion Inclusion | 19 In FY2023, Seagate announced the launch of two new ERG chapters, Seagate Women’s Leadership Network (SWLN) in India and the Military Employee Resource Group (MERG) in Fremont, CA. These new chapters mark the 28th and 29th chapters of our global ERGs, with SWLN India being the first in any of Seagate’s India locations. New ERG Chapters Seagate Women’s Leadership Network (SWLN) India Seagate Women’s Leadership Network is important to me because empowering women isn’t just the right thing to do; it’s the smart thing to do. When women thrive, so does our organization. Kavya Motwani India SWLN Leader and Staff Engineer Pune, India
Slide 11 — Rose Hiu
Other ERG Highlights From Diwali to International Women’s Day, Seagate’s ERGs were at the forefront of celebrating holidays, heritage months, and events centered on connection throughout FY2023. Rose Hiu Minds of All Kinds ERG Sponsor and VP of Global Marketing Fremont, CA As an ERG sponsor, I recognize the profound impact of elevating and nurturing our ERGs, especially our neurodiversity-focused group. Embracing neurodiversity not only fuels innovation and creativity, but also enriches our company culture. 21 | Inclusion Inclusive Language and Communication In FY2023, Seagate focused on helping employees use inclusive language to show respect, understanding, and thoughtfulness to the underlying meanings that words can have and the impact they carry. We undertook significant changes, including renaming job categories from operators to manufacturing specialists to show respect for our manufacturing workforce, and integrated gender- neutral language into our job descriptions and policies. We also shared a global employee story about the importance of gender pronouns, and developed micro-learning resources for managers with simple examples to create more inclusive teams through the words they use. 21 | Inclusion 20 | Inclusion Inclusion | 21 Inclusion | 21
Slide 12 — Patricia Frost
During Pride Month June 2023, Seagate launched a series of initiatives to promote LGBTQ+ inclusion. Seagate launched the first-of-its-kind Pride themed hard drive available for commercial sale—a product co- created with insights from our employees and in collaboration with Out in Science, Technology, Engineering, and Mathematics (oSTEM). We also introduced our Gender Transition Toolkit, thoughtfully crafted to provide valuable resources for employees and their managers to assist during a gender transition within the workplace. Pride Month Inclusion | 23 Leadership Development 22 | Inclusion In July 2022, as an extension of the Thayer Leadership Program, Seagate launched a year-long internal program to provide 25 women from the U.S. and EMEA an opportunity to gather at the historic West Point Military Academy in New York for a week-long course conducted by retired military officers. They explored leadership strategies, learned how to extend their influence, leveraged their strengths, and built closer connections with executives, peers and cross-functional partners. Seagate’s Patricia Frost, Senior Vice President and Chief People and Places Officer—and a former major general in the U.S. Army—also attended as a keynote speaker, sharing her leadership philosophy and career stories. Patricia Frost Senior Vice President and Chief People and Places Officer and Military ERG Executive Sponsor, United States As a veteran, I’ve seen how working together makes communities stronger. Embracing different perspectives creates a resilient environment where everyone can thrive. In partnership with Thayer Leadership, we are driving effective leadership skills that help innovate and strengthen the future for our culture, people, and products.
Slide 13 — Social Impact
24 | Social Impact As a global employer, we acknowledge our responsibility to make a positive impact in the communities where we live and work. By engaging in community projects and partnering with science, technology, engineering, and mathematics (STEM) organizations, our goal is to broaden STEM awareness and be a positive example within our communities. Employee Volunteering for Social Good A group of Seagate volunteers, along with others from NL Doet, a volunteer organization, transformed a school garden, added new play sand, and cleared pathways. Their efforts received recognition, making headlines in Noordwijk, Netherlands and earning gratitude from the school community for their impactful contribution. As a major sponsor of the Minnesota State Science and Engineering Fair, Seagate and 54 volunteers helped to make the event a success. Seagate conducted STEM demonstrations throughout the day for students, and sponsored awards for outstanding science mentors, student rising stars in STEM, and emerging scientists based on their research. Seagate Volunteer Day in the Netherlands Minnesota State Science Fair Social Impact | 25 Social Impact
Slide 14 — Thailand Team Gives Kids
26 | Social Impact Seagate Thailand employees partnered with the National Science Museum and Suranaree University of Technology to show students the opportunities within data science careers. For the second year, military and veterans ERG members participated in a crossover venture between the Veterans Community Project and the city of Longmont, CO. Seagate employees helped build multiple tiny houses for homeless veterans and their families. Thailand Team Gives Kids Introduction to Big Data Colorado Tiny Homes for Soldiers and Families Seagate Johor partnered with University Teknologi Malaysia for a STEM community engagement program, which included activities such as a hackathon with secondary school students and a robotics competition with primary school students. More than 40 children experienced a day in the life of their parents working at Seagate, building hard drives, putting on cleanroom bunny suits, and more, thanks to a dedicated group of volunteers. Singapore STEM Community Program California Take Your Kids to Work Day Social Impact | 27 Seagate believes that giving back is a responsibility. I’ve had the opportunity to make a positive impact on the world, because Seagate understands that the true measure of success lies in the difference we make in the lives of others. Ludovic Danjean Ambassador and Staff Engineer Paris, France
Slide 15 — Balan Shanmuganathan
Hub Zone: A business operating in a designated historically underutilized business zone, and certified by the U.S. Small Business Administration. Indirect spend refers to expenses incurred for materials, services, and maintenance required to operate the business References to “$” are to (U.S.) dollars 28 | Social Impact Human Rights and Working Conditions in the Supply Chain In our efforts to have a positive social impact, Seagate requires that our suppliers adhere to labor and human- rights principles, including the: • United Nations Guiding Principles on Business and Human Rights • International Labor Organization’s core labor principles • Responsible Business Alliance Code of Conduct related to working conditions in the electronics industry These standards are incorporated into our own policies and require that all employees be treated with respect and dignity, and that our suppliers provide equal opportunity and do not discriminate. In addition, we do not tolerate child labor or forced labor. Social Impact | 29 Balan Shanmuganathan Senior Engineering Director Penang, Malaysia Seagate adheres to the United Nations guiding principles on business and human rights, the International Labor Organization core labor principles, and the RBA Code of Conduct. Each of these standards is incorporated into our policies and procedures, ensuring safe and equitable working conditions across our global workforce. 4% 3% 8% <1% <1% Hub Zone $0.04M Minority Owned Total Spend $115.54M $8.69M 85% Small Business $97.98M Disadvantaged $0.42M Veteran Owned $3.60M Women Owned $4.82M Supplier Diversity Matters Supplier diversity plays a crucial role in fostering innovation, driving economic growth, and promoting social equity. Suppliers located within the U.S. are invited to engage in Seagate’s competitive bidding procedure, and we strongly urge women, veterans, and organizations owned and operated by minorities to apply for our business. FY2023 Supplier Diversity Indirect Spend (U.S. Only)
Slide 16 — Equity
30 | Equity From formulating progressive policies to cultivating inclusive hiring practices, equity is not only a moral imperative, but a necessity for the success of our workforce. Embracing Environmental, Social, and Governance (ESG) principles further amplifies this commitment, ensuring that our growth and innovation are in harmony with our social responsibility. As we continue to drive advancements in data storage, we have made it essential to include the feedback, insights, and ideas of our employees and our board of directors. Creating Opportunities for a Diverse Talent Pool Seagate has developed impactful partnerships with National Society for Black Engineers at various esteemed universities, including the Colorado School of Mines and the University of Minnesota. Through these collaborations, Seagate continues to support the educational aspirations of underrepresented students in engineering. Seagate strives to foster a dynamic and forward-thinking workforce, which includes the recruitment and onboarding of global interns of varying genders, ethnicities, backgrounds, skill sets, and more. In FY2023, Seagate hired 325 interns who contributed to Seagate’s workforce in a wide range of functional areas. Seagate recognizes the invaluable contributions of military veterans to our workforce and is dedicated to improving our veteran hiring efforts. In FY2023, Seagate recruiters received training and tools to more effectively recruit and engage our veteran workforce. National Society for Black Engineers Interns New Recruiting Efforts for Veterans Equity | 31 Equity
Slide 17 — Conclusion
Ensuring Fair, Equitable Pay Seagate believes in fair and equitable pay for all employees, reflecting our DEI commitments and value of integrity. We analyze the competitiveness of our programs annually to ensure compensation pay ranges and targets are in line with industry standards. Additionally, in partnership with an independent third party, we look at pay equity based on gender, and in the U.S., we additionally look at race. Updates to Benefits As we strive for further inclusivity, Seagate introduced progressive updates to employee benefits in Thailand, including marriage and bereavement leave for same-sex spouses or partners. These efforts underscore our dedication to supporting our employees through all life events. 32 | Equity Steven Toon Senior Engineer Woodlands, Singapore Seagate’s commitment to fostering an inclusive and equitable workplace culture, led by our entire leadership team, has empowered me to feel valued and heard as a member of the Seagate Young Professionals employee resource group. Looking Ahead Seagate’s annual DEI report reflects our enduring commitment to transparency and progress in diversity, equity, and inclusion. Moving forward, we remain dedicated to continually improve representation, inclusivity, social impact, and equity in every aspect of our operations. With focus areas such as inclusive language, the recruitment and retention of diverse talent, environmental, social, and governance initiatives, and meaningful community engagement, we continue on a journey toward a more equitable and united future for our workforce and the communities we serve. | 33 Conclusion
Slide 18 — Additional Resources
Learn More About Seagate ESG Efforts Diversity, Equity, & Inclusion ERGs at Seagate 34 | Additional Resources Additional Resources Conclusion | 35
Slide 19 — © 2024 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries.
© 2024 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. All other trademarks or registered trademarks are the property of their respective owners. Seagate reserves the right to change, without notice, product offerings or specifications. SC692.3-2401 US January 2024