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Technology / AI and automation

HOT COMPETITION COSTS THE JOBS OF 65% OF PRAIRIETEK’s US WORKFORCE

PrairieTek Corp, the originator of the 2.5 Winchester disk drive, seems to have been hit by the curse of the pioneer: the Longmont, Colorado company says that since it launched the first such drive in 1988, several major manufacturers have entered the business, significantly increasing competition. As a result it is having to slash its workforce in Colorado by 210 people, 65% of the 325 total in the US. The lay-offs affect primarily production and administrative employees. The company says that it is now pursuing several activities to help it meet the current market situation.

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CBR Staff Writer

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