Seagate lays off 187 in Longmont; those left will have pay cut 10 percent
Associated Press
Published January 14, 2009 at 5:15 p.m.
Updated January 14, 2009 at 5:15 p.m.
LONGMONT — Seagate Technology has laid off 187 workers at its Longmont facility, part of the company's move to cut jobs in response to a drop in demand for its hard disk drives.
Under the company's restructuring plan, the remaining 1,460 Longmont employees will have their pay cut by 10 percent.
Seagate announced earlier this week it would reduce its U.S. work force by 10 percent. Worldwide, the company is eliminating 2,950 jobs, or about 6 percent of its total work force.
Local spokeswoman Cindy Martini says the Longmont job cuts were made "pretty much across the board — engineering, support services like marketing, communications, IT."
She says managers notified affected workers Wednesday morning.
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January 14, 2009
6:02 p.m.
Suggest removal
IndependentSpirit writes:
Better than the wide-spread rumor of 20% cut. In the end company cut cost by 20% anyway. Having a job that pays 10% less than beats no job at all.