Seagate to lay off 10 percent of US workers

Shares of Seagate Technology plunged Monday after the hard drive maker announced it will lay off 10 percent of its U.S. work force, or about 800 people, in response to economic turmoil.

In a Securities and Exchange Commission filing, Seagate said it will disclose details of its restructuring program later this month. Layoffs will affect a broad range of departments, including research and development, the company said.

Spokesman Woody Monroy said Seagate has about 8,000 workers in the U.S., out of …