Seagate has announced the loss of 6,500 jobs worldwide just two weeks after saying that 1,600 jobs would go.
The company said that the cuts amount to roughly 14 per cent of its global workforce, and will take place across Asia, Europe and the Americas. The cuts will cost the firm $164m.
The Wall Street Journal reported that some jobs will go in the UK, where Seagate has some manufacturing facilities.
The cuts were announced during a preliminary release of the company's year-end results for 2016, which show expected revenue of $2.65bn, an increase from a previous forecast of $2.3bn.
Despite this, the firm has been affected by slowing growth in personal computer sales, thereby hitting storage technology sales, while growth is coming from phones and cloud storage.
Seagate, like others in the storage sector, is evolving its offerings to meet this demand, and Steve Luczo, chief executive of Seagate, described growth in this area as evidence that the strategy is paying off.
“The evolution of mobile and cloud data-driven environments continues to define itself as requiring significant amounts of mass storage. HDD [hard disk drive] devices are where most data bits ultimately reside, and our record HDD exabyte shipments in the June quarter, particularly due to enterprise demand, continue to support this thesis,” he said.
“We believe that the long-term trend of exabyte storage demand growth exceeding HDD areal density growth remains intact for the foreseeable future.
"Seagate will continue to evolve its product offerings, technology investment and manufacturing footprint to best serve our customers with the world’s most advanced and cost-advantaged HDD products.”
Rivals are also making moves to stay future proofed for the new era of storage. Western Digital acquired SanDisk last year for $19bn, as flash technology is seen as the future of storage.
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