Thursday, May 14, 2009
Seagate Technology said it plans to cut about 1,100 jobs from its workforce in a move reduce costs.
The job-cutting , will affects about 2.5 percent of Seagate's workforce, is aimed at helping the company stay on track toward being cash-flow and earnings positive within 2010.
As a result of the new plan, Seagate, which competes with storage company Western Digital, expects to take restructuring charges of about $72 million, primarily in the quarter ending in June..
By: DocMemory
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