Seagate Eliminates 3,000 Jobs

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Seagate Eliminates 3,000 Jobs

Seagate Technology is laying off approximately 3,000 employees, the company announced in a press release Wednesday, one day after manufacturing behemoth Philips announced plans to lay off approximately 4,000 workers due to a “worsening macroeconomic environment” — here are the latest major job cuts this year as employers fear rising inflation will push the economy into recession.