Economic uncertainty brings planned layoffs and sale of real-estate
Seagate is reevaluating its footprint as global demand for technology slows. The company is planning a lease-back for its $300M Fremont campus. In addition, Seagate is planning to cut its global workforce by 8% through the summer of 2023.
Labor|StructuralIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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