Drive Maker Maxtor To Ax Hundreds Of Jobs

KingFishKingFish
edited July 2004 in Science & Tech
The rough times are continuing for hard-drive companies.
Following in the footsteps of rival Seagate Technology, Maxtor on Thursday announced job cuts amid worse-than-expected industry conditions. Maxtor said it would eliminate 400 to 500 positions and predicted a net loss for the second quarter, ended June 26, of between $20 million and $30 million. The company, based in Milpitas, Calif., has about 13,500 employees worldwide, according to its Web site.
This isn't good. -KF

Source: CNet

Comments

  • JengoJengo Pasco, WA | USA
    edited July 2004
    Why are they so bad right now? i always Thought there would be so much demand for HDD's and the like... hmm...

    maybe everyone is having trouble filling what they got?

    eh.... i dunno...
  • GobblesGobbles Ventura California
    edited July 2004
    Maybe if they dropped the prices on the maxline 3 drives they could boost sales. The maxline 3 drives are not the same as their regular drives. The maxline 2 and 3 are designed to run 1 million hours between failures...

    Gobbles...
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