Maxtor Fires 900
Sledgehammer70
California Icrontian
Drive maker Maxtor, which is about to be bought by its rival Seagate, has said that it will wipe 900 jobs from its operation in Singapore.
The California-based company said that it also expects to make a $104 million net loss this year.
Maxtor blames the lose on the fact that it had fewer sales and merger-related costs. Some component cost improvements, which were expected, didn’t happen either.
The California-based company said that it also expects to make a $104 million net loss this year.
Maxtor blames the lose on the fact that it had fewer sales and merger-related costs. Some component cost improvements, which were expected, didn’t happen either.
Source: The InquirerOne of the advantages is that if no one buys your product you don’t have to hire so many people, so Maxtor said it significantly cut its production schedule and plans to eliminate 900 jobs at its Singapore manufacturing facility over the next several weeks.
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Comments
Thank you Seagate for "Taking out the Trash"
Our company has recommended and used primarily Seagate drives for the last 5 years. (and filled trashcans with bad Maxtor drives)
RattX
Everyone has a different experience.