Seagate prepares to cut thousands of jobs after difficult results

Seagate prepares to cut thousands of jobs after difficult results

Storage giant Seagate has announced plans to cut 3,000 jobs as part of cost-cutting measures, about 8% of its international workforce.

This news comes after the company’s revenue – which is one of the most successful in the world hard disk Manufacturers – down 35% to $2.04 billion in the first quarter of fiscal 2023.

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