SEAGATE LAYS OFF 70 MORE WORKERS IN LONGMONT
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.”