Seagate set to cut thousands of jobs following difficult results

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Storage giant Seagate has announced plans to axe 3,000 jobs as part of cost-cutting measures, around 8% of its international workforce.

The news comes after revenues at the firm – which is one of the world’s most successful hard drive manufacturers – declined 35% to $2.04 billion in the first quarter of its 2023 financial year.

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