Today's Hard|Forum Post
Today's Hard|Forum Post

Thursday September 10, 2015

Seagate Cutting Over 1,000 Jobs Worldwide

After back to back quarters of declining sales, Seagate announced today that it is cutting over one thousand jobs. The company expects to save $113 million annually from the restructuring.

Hard-disk maker Seagate Technology Plc said it planned to cut 1,050 jobs, or 2 percent of its workforce, as part of a restructuring program. The company said on Thursday it expected to save about $113 million annually from the restructuring and incur pretax charges of about $53 million.