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   Why is Seagate laying off 8% of its employees?

   • Seagate Technology Holdings PLC, the world’s largest maker of hard drives, today announced it’s laying off 8% of its workforce, about 3,000 employees, amid economic uncertainty and declining demand for its products.

   Seagate to cut 3,000 employees amid economic uncertainty and reduced

   siliconangle.com/2022/10/26/seagate-cut-3000-employees-amid-economic-uncertainty-reduced-demand/

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   What happened to Seagate Technology Holdings plc?

   • Seagate Technology Holdings Plc this week expanded layoffs announced in the fall by 480 jobs and said a top executive is leaving. The Fremont data storage company said in a regulatory filing that Ravi Naik, general manager of its Lyve Cloud Storage Services, is leaving as of Monday as part of the new cost-cutting measures.

   Seagate exec Ravi Naik exits as Fremont company expands layoffs by 480

   www.bizjournals.com/sanjose/news/2023/03/31/seagate-exec-exits-as-it-expands-layoffs-by-480.html

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   How much will Seagate layoffs cost?

   • Seagate Technology Holdings plc another round of layoffs which will affect about 1% of its total headcount or about 480 employees. The new restructuring is expected to be considerably completed by the end of the fourth-quarter fiscal 2023. This particular action will cost Seagate total pre-tax charges between $55 million and $65 million.

   Seagate (STX) Further Slashes Workforce to Boost Cost Savings

   www.nasdaq.com/articles/seagate-stx-further-slashes-workforce-to-boost-cost-savings

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   Is Seagate Technology reducing its workforce?

   • By Scott Kanowsky Investing.com -- Data storage firm Seagate Technology PLC (NASDAQ:STX) has announced plans to reduce its workforce by an additional 480 employees, adding to a prior round of layoffs.

   Seagate unveils further round of layoffs, citing economic uncertainty

   finance.yahoo.com/news/seagate-unveils-further-round-layoffs-110409911.html

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2. finance.yahoo.com › news › seagate-unveils-furtherSeagate unveils further round of layoffs, citing economic ...

   finance.yahoo.com › news › seagate-unveils-further

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   Mar 29, 2023 · Wed, Mar 29, 2023, 4:04 AM1 min read. Link Copied. 0. In this article: STX. By Scott Kanowsky. Investing.com -- Data storage firm Seagate Technology PLC (NASDAQ:STX) has announced plans to...

3. www.cnbc.com › 2022/10/26 › seagate-will-cut-3000Seagate will cut 3,000 employees in latest sign of major PC ...

   www.cnbc.com › 2022/10/26 › seagate-will-cut-3000

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   Oct 26, 2022 · Hard drive maker Seagate Technology said Wednesday it plans to cut 8% of its global workforce, or about 3,000 employees, citing economic uncertainty and declining demand for its parts.

4. www.bizjournals.com › sanjose › newsSeagate exec Ravi Naik exits as Fremont company expands ...

   www.bizjournals.com › sanjose › news

   Mar 31, 2023 · Seagate Technology Holdings Plc this week expanded layoffs announced in the fall by 480 jobs and said a top executive is leaving. The Fremont data storage company said in a regulatory filing...

   • Author: Cromwell Schubarth
   • Occupation: Techflash Editor

   • Email: cschubarth@bizjournals.com
   • Works For: Silicon Valley Business Journal

5. www.tomshardware.com › news › seagate-to-layoff-3000Seagate to Cut 3,000 Jobs Amid Poor Quarter, Charges of ...

   www.tomshardware.com › news › seagate-to-layoff-3000

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   Oct 26, 2022 · Seagate has poor quarter, will cut 3,000 jobs and production of HDDs. The company also faces charges from the U.S. Dept of Commerce for violating export bans to China.

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6. www.channelfutures.com › channel-business › seagateSeagate Technology Layoffs Hit 3,000 Workers, Cybereason Cuts 200

   www.channelfutures.com › channel-business › seagate

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   Oct 26, 2022 · Shutterstock. Seagate Technology and Cybereason are the latest businesses operating in the channel to announce layoffs amid continuing economic headwinds. Seagate announced layoffs impacting 3,000 workers, or 8% of its worldwide workforce. And Cybereason has cut 200 workers, or 17% of its workforce.

   • Author: Edward Gately

7. www.nasdaq.com › articles › seagate-stx-furtherSeagate (STX) Further Slashes Workforce to Boost Cost Savings

   www.nasdaq.com › articles › seagate-stx-further

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   Mar 30, 2023 · Seagate Technology Holdings plc STX recently announced another round of layoffs which will affect about 1% of its total headcount or about 480 employees. The new restructuring is expected to...

8. siliconangle.com › 2022/10/26 › seagate-cut-3000Seagate to cut 3,000 employees amid economic uncertainty and ...

   siliconangle.com › 2022/10/26 › seagate-cut-3000

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   Oct 26, 2022 · Analysts had been expecting revenue of $2.12 billion. Seagate becomes the latest tech company to announce significant layoffs amid a slide toward a global recession, 40-year high inflation...