Thread regarding Seagate Technology Inc. layoffs

600 worldwide RIF incoming

Likely done by the end of the holidays. From Nygaard's mouth.. NRM is not finished (after being questioned if only IT was getting the axe)

Good luck everyone!

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3000 would be 7.39% not 10.00%

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3000, 10% of company by end of 2018 is the new doomsday rumor.

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, it's been stated in the financial report submitted to SEC, unless we have read wrongly.

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I supposed 600 is unofficial. The official number is 500.

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Don't forget about those 250 in Bangalore !!

So how much is the exact number here?

My guess is it will be a lot more than 600 now

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This is in addition to the previous numbers. Straight from the mouth..

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Seagate Technology (NASDAQ: STX) recently announced that it will reduce its headcount by approximately 500 employees -- just over 1% of its global workforce -- by June 30, the end of its fiscal 2018.

The hard drive maker initially expects to book a pre-tax charge of $50 million from downloadbesttorrentblog.rus, but eventually generate $65 million in savings on an annual run-rate basis. It expects to start recognizing those savings at the beginning of the March 2018 quarter.

Read more: Seagate Will Cut 500 Jobs by the End of June | Investopedia />

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, the source is in this page of different title. Just scroll down to see.

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Where's your source?

The figure is significant enough to trigger news headline, like it always had.

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