Seagate Ejects 17 VPs and 5 Senior VPs

On March 4, 2009 in a SEC filing, Seagate announced that it will terminate the employment of five senior vice-president and seventeen vice-president level employees, representing approximately 20% of Seagate positions at or above the vice-president level.

These terminations will take effect beginning on May 4, 2009, and represent steps taken to realign its overall management organization and reduce costs while increasing spans of control and decreasing management layers to support the business outlook going forward.