Hard-disk drive maker Seagate Technology has announced it would cut about 6,500 jobs, or 14 percent of its global workforce, by the end of fiscal 2017.
The storage vendor estimated revenue of about US$2.65 billion for the fourth quarter ended 1 July, lower than a year earlier.
The company only announced two weeks ago that it would terminate 1,600 employees to save US$100 million annually, on top of last September's decision to cut 1,050 jobs.
The weak personal computer market is impacting on Seagate's performance, with revenue declining for five consecutive quarters.
Reporting by Rishika Sadam in Bengaluru; Editing by Maju Samuel
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