Seagate's most recent round of job cuts will result in roughly $64 million in savings on an annual run-rate basis, according to a SEC filing.
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The hard disk drive and memory chip maker saw record revenue of $5.3 billion, thanks to solid demand for enterprise and NAND based products.
NetApp shares fell 9 percent in after market trading.
Micron claims the 5100 series follow-up is the first enterprise SSD with 64-layer 3D NAND flash.