Feeds

Seagate to slash jobs

Disk drive price war claims more scalps

  • alert
  • submit to reddit

Bridging the IT gap between rising business demands and ageing tools

Seagate Technology is to cut 1,600 staff in Singapore as part of its restructure. The disk drive maker is reviewing its business globally and is set to make changes over the next few months. A Seagate representative said this would involve reducing the company's headcount. No figure had been placed on the number of jobs to be cut, but Seagate is planning further announcements before the end of the current quarter - 2 October. Bob Peyton, IDC analyst, told The Register job losses were an inevitable result of the price war in the disk drive market. "Disk drive prices have been decreasing, yet technology has been accelerating at a faster rate than in the past. It's difficult to see how anybody is making any money at it." Unless prices stabilise or rise, things will only get worse, according to Peyton. "It's a difficult situation, and impossible to predict when it will end," he said Seagate's move comes in the same month as rival disk drive firm Quantum announced it would shed 800 jobs in the US and Ireland and re-jig its hard disk-drive business. Quantum also accused Seagate of pricing its products below its costs, thus forcing a price war. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.