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Seagate

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seagate.com - 5/13/2009

Seagate Restructures To Further Reduce Operating Costs

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SCOTTS VALLEY, Calif. - May 13, 2009 - Seagate Technology (NASDAQ: STX) today announced it has initiated a restructuring plan that includes a reduction of approximately 1,100 employees or 2.5% of the company’s global workforce. This reduction is required to support a targeted run rate of product ...

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legitreviews.com - 5/7/2009

Seagate Momentus 7200.4 500GB Notebook Hard Drive

— legitreviews.com — Seagate Momentus 7200.4 hard drives are the fourth generation of Seagate’s laptop storage family and are said... to be one of the fastest notebook hard drives on the market. Read on to see how the Seagate Momentus 7200.4 500GB hard drive ... (more) Seagate Momentus 7200.4 500GB Notebook Hard Drive

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channelregister.co.uk - 5/13/2009

Seagate slashes more jobs • Channel Register

— channelregister.co.uk — Seagate is cutting a further 1,100 jobs with a view to reaching break-even point, aiming to save... $125m a year. Seagate is the world's largest supplier of hard disk drives and the cuts represent 2.5 percent of its global headcount. They will get ... (more) Seagate slashes more jobs • Channel Register

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Western Digital

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go.theregister.com - 5/19/2009

Seagate slashes more jobs

— go.theregister.com — 1,100 sacrifices for $125m annual savings Seagate is cutting a further 1,100 jobs with a view to... reaching break-even point, aiming to save $125m a year.… (more) Seagate slashes more jobs

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Steve Jobs

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Seagate to lay off 1,100 in restructuring move
The Tech Report: News — Seagate to lay off 1,100 in restructuring move by Cyril Kowaliski — 1:35 PM on May 13, 2009 Heads are rolling at Seagate. The storage company says it has kicked off a new restructuring plan that will shed about 2.5% of its work force that's roughly 1,100 employees. Seagate plans to complete the layoffs by the end of July, and it expects annual savings of $125 million to stem from the move. Before tax, though, this restructuring effort should cost Seagate about $72 million (largely in "employee termination costs"). This won't be the storage firm's first round of firings in recent months. For its 2009 fiscal year, which started on June 28, 2008, Seagate says it will have slashed labor costs "in excess of ...

(PR) Seagate Restructures to Further Reduce Operating Costs
techPowerUp! — Seagate Technology today announced it has initiated a restructuring plan that includes a reduction of approximately 1,100 employees or 2.5% of the company's global workforce. This reduction is required to support a targeted run rate of product development and marketing and administrative costs of less than $300 million per quarter and to position the company to be cash flow and earnings positive within its fiscal year 2010. ...