Feeds

Seagate to lay off 6,000 workers

Headcount to be cut as company absorbs Maxtor

The Essential Guide to IT Transformation

Seagate is now the proud owner of Maxtor, but it doesn't expect to have brought the two hard disk drive operations together until next year. In the meantime, it will rid itself of half of Maxtor's worldwide workforce of 12,000 employees.

The remainder will largely be made up of Maxtor's Asia-Pacific manufacturing workers, Seagate said. The layoffs are expected to be made throughout the next six months rather than all at once. Maxtor itself laid off 900 workers this year. Seagate will end up with a 51,000-strong workforce.

Seagate said it expects the integration of Maxtor operations into its own to be "substantially completed by early calendar 2007" - more than a year after the December 2005 announcement of its decision to by Maxtor. This time next year, the company expects to have upped earnings per share by 10-20 per cent as a result of the merger.

Seagate said it would continue to offer a "full range" of Maxtor products through retail channels, where its acquisition has a stronger brand than its own. ®

Boost IT visibility and business value

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
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.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.