In the competitive world of technology, companies are often required to make difficult decisions to stay financially viable and competitive. One notable example of this came in 2009 when Seagate Technology, a leading manufacturer of data storage solutions, announced a restructuring plan that involved laying off approximately 1,100 employees—about 2.5% of its global workforce. This…
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When Seagate Slashed More Jobs
On May 13, 2009, Seagate Technology, the world’s largest supplier of hard disk drives (HDDs), announced plans to cut 1,100 jobs globally. Representing 2.5% of its workforce, this decision marked a significant restructuring effort aimed at addressing financial difficulties and positioning the company for long-term stability. The layoffs were part of broader cost-cutting measures during…