Disk drive vendor Seagate Technology is expected to make up to 20 per cent of its staff redundant to cut costs and propel it back to profitability.
Newspapers in Singapore have reported rumours that Seagate plans to make major redundancies in the area and Seagate announced the closure of its Irish plant last month, at a cost of 1,100 jobs.
The company was the computer industry?s financial success story for years but has floundered in the last six months. All hard disk manufacturers have suffered thanks to waning demand for PCs in recent months, with disappointing financial results.
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago