Based on news reporting.
Seagate Technology Holdings plc has announced the layoff of 500 employees globally as part of its restructuring efforts. This decision comes alongside the cancellation of plans for a new building in Shakopee, indicating a strategic shift in the company's operations. The layoffs reflect the company's response to current market conditions and aim to streamline its workforce. This move is part of a broader trend in the tech industry, where companies are adjusting their staffing levels in light of economic pressures. The layoffs are effective immediately, impacting various locations worldwide.
Seagate Technology Holdings plc cut 500 jobs as of October 1, 2023.
That is roughly 1.7% of the 30,000 people Seagate Technology Holdings plc employs.
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