SEA­GATE LAYS OFF 70 MORE WORK­ERS IN LONG­MONT

The Denver Post - - BUSINESS - By Shay Cas­tle

Seventy work­ers were laid off Tues­day at Sea­gate in Long­mont as the maker of disk drives con­tin­ued with global job cuts that will im­pact about 17 per­cent of its work­force.

Spokes­woman Cindy Mar­tini said the work­ers let go in Long­mont were “mostly en­gi­neers.”

In July, Sea­gate an­nounced it would cut 6,500 jobs world­wide as the com­pany headed into its fifth straight year of de­clin­ing rev­enues.

Tues­day’s cuts rep­re­sent re­duc­tions in the re­search and de­vel­op­ment seg­ment, Mar­tini said.

Fur­ther lay­offs could be ahead for Long­mont.

“The en­tire re­or­ga­ni­za­tion will be con­tin­u­ing through the end of fis­cal year ’17 and into early fis­cal year ’18,” Mar­tini said.

Sea­gate’s fis­cal year ends in July.

The com­pany has about 1,530 em­ploy­ees in Long­mont, she said.

“These are dif­fi­cult steps to take, and this is not a happy time here,” she said. “We’re cer­tainly go­ing to miss the col­leagues that we lost this week.”

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