Seagate replaces CEO, plans to cut 800 workers

January 13, 2009 By JORDAN ROBERTSON , AP Technology Writer

(AP) -- Seagate Technology has replaced its top two executives and said it plans to cut 800 jobs - 10 percent of its U.S. work force - as the hard drive maker endures a bruising slowdown in technology spending. Its stock fell more than 15 percent.

Content from The Associated Press expires 15 days after original publication date. For more information about The Associated Press, please visit www.ap.org .

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