http://allthingsd.com Sat, 11 Feb 2012 15:49:25 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://allthingsd.com/theme/images/logo-rss.jpg http://allthingsd.com/ 144 22 http://allthingsd.com/20090513/latest-seagate-layoffs-offer-improved-capacity-performance/ http://allthingsd.com/20090513/latest-seagate-layoffs-offer-improved-capacity-performance/#comments Wed, 13 May 2009 15:18:01 +0000 John Paczkowski http://digitaldaily.allthingsd.com/?p=17591 Seagate is defragging its workforce again. The hard drive manufacturer said Wednesday that it plans to sack another 1,100 employees–2.5 percent of its workforce. With the econalypse driving down orders for personal computers and, by extension, Seagate’s storage products, the company has had little choice but to resort to measures like these as it works to return to profitability. Earlier this year, it laid off nearly 3,000 workers and suspended its quarterly dividend. But clearly, that wasn’t enough. Seagate says this latest round of layoffs will save it $125 million annually and help it become “cash-flow and earnings positive” within its 2010 fiscal year.

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