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What are the primary reasons of Hutchinson Technology layoffs?

April 26, 2017Hutchinson layoffs primary reasons Technology

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What are the primary reasons of Hutchinson Technology layoffs?

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The primary reason for layoffs is the declining sales and demand for Hutchinson Technology. It has reported declining shipments of its suspension assemblies for disk drives which indicate falling market share. Any other news about Hutchinson Technology The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.