Seagate Technology may be raking in the dough, but it is still letting employees go. The company estimated fourth-quarter revenue higher than Wall Street expectations, however, it will lay of 6,500 employees by the end of the fiscal year of 2017.

Seagate Technology is an American data storage company best known for its hard drive disks

Source: Hot Hardware – Seagate Tops Earnings Forecasts, Still Lays Off 6,500 Employees