View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 15, 1991


By CBR Staff Writer

Hurt by its continuing inability to move as fast as the market it does not have 2.5 drives out yet and was very late into 3.5 drives – Scotts Valley, California-based Seagate Technology Inc has cut its worldwide non-manufacturing workforce by about 18%. Pink slips went out to 1,200 people, with US sales, marketing, personnel and engineering the hardest hit. Including the manufacturing workforce, being kept intact to be ready for any up-turn, the cut is about 3% of the total employee base. The Imprimis Technology acquisition is seen to have been beneficial to Seagate, greatly improving its capability at the top end of the market, and it is in the company’s own business where it is suffering from fierce competition, price attrition and recession.

Content from our partners
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business
When it comes to AI, remember not every problem is a nail

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.