Seagate to Cut Maxtor in Half

According to the brief during Seagate’s recent shareholder’s meeting, much was discussed about Seagate’s recent acquisition of its largest competitor, Maxtor. Seagate said that it plans to lay off more than 50% of existing Maxtor employees. While the company intends to keep the Maxtor brand name as well as some Maxtor services, it indicated that most of Maxtor’s North American employees would be let go.

China is hardly affected, but Seagate plans to lay-off over 12,000 workers in the US. Check out the story at DailyTech.