Seagate to Cut 1600 Jobs For Restructuring
Hard disk maker Seagate Technology said it was cutting about 1,600 jobs, or 3 per cent of its workforce, as part of a restructuring plan to reduce costs. The Cupertino, Calif., company is a top producer of drives that store data in personal computers, a market that has declined. It has developed products in newer sectors such as cloud storage, and bought Dot Hill Systems Corp. in October for about $696 million to enhance its cloud offerings according to the wall street journal Read Also: Seagate Enhances Realstor Storage Arrays Seagate...