Seagate is cutting 6,500 jobs even though it expects to sell more hard drives than before
Jul12
In a statement forecasting financials for its fiscal fourth quarter of 2016, hard drive maker Seagate said that it would be cutting 6,500 jobs by the end of the next fiscal year, amounting to roughly 14 percent of its global workforce. That’s a huge expansion in layoffs compared to the plan Seagate laid out less than two weeks ago: At the end of June, the company said it would slash 1,600 jobs across its international operations owing to a slump in PC sales. What’s more, the company noted today that it expects to sell more hard drives than it previously…
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