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Seagate increases job cut plans to 6,500, though hard drive sales remain strong

Seagate increases job cut plans to 6,500, though hard drive sales remain strong

July 12, 2016

Seagate announced today that it is increasing planned layoffs from 1,600 to 6,500 positions, as the hard drive maker tries to navigate a global decline in PC sales.

Just two weeks ago, the company revealed the original job cut plans. But in a fourth quarter earnings preview, executives decided to up that figure.

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