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Seagate

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channelregister.co.uk - 5/13/2009

Seagate slashes more jobs • Channel Register

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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 Seagate's cost down to less than $300m a quarter ...

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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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seagate.com - 5/13/2009

Seagate Restructures To Further Reduce Operating Costs

— seagate.com — 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 ... (more) Seagate Restructures To Further Reduce Operating Costs

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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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Comments vote downundo vote up Hardware Zone found this 5/19/2009found this

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Seagate to cut 1,100 additional jobs
TechSpot — ... affecting 800 workers, hard drive maker Seagate has announced it is cutting a further 1,100 jobs as it moves to lower costs and return to profitability. The latest layoffs, to be completed by the end of July, will result in restructuring charges of around $72 million (largely from severance payments) but should also represent some $125 million in annual savings for the company. In its most recent quarter, Seagate reported a net loss of $273 million on $2.1 billion of revenue. That followed a $496 million net loss during the previous quarter and the closure of several ...

Seagate slashes further 1,100 jobs
Fudzilla — ... by the end of July. Around 1,100 employees will be shown the door, and the company will incur restructuring charges of around $72 million due to severance payments. In the long run, the move is expected to save Seagate $125 million annually. Since July 2009, Seagate has shed a quarter of its workforce cost, and says it will continue to assess its option to further reduce operating cost. In the last quarter the company reported a $273 million loss on $2.1 billion of revenue. More here .