Seagate Technology PLC said it is cutting about 6,500 jobs globally, or about 14% of its workforce, less than two weeks after it announced a reduction of 1,600 positions.

The company also increased revenue guidance for the fourth quarter ended July 1 to about $2.65 billion from about $2.3 billion, citing strong demand for its hard-disk drives.

Seagate shares jumped 8.8% in after-hours trading to $26.20.

The latest restructuring moves are part of Seagate's "continued consolidation of its global footprint across Asia, EMEA and the Americas," the company said.

The Cupertino, Calif., company is a top producer of drives that store data in personal computers, a market that has declined as PC sales dwindle. It has developed products in newer sectors such as cloud storage, and bought Dot Hill Systems Corp. in October for about $696 million to enhance its cloud offerings.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

July 11, 2016 17:05 ET (21:05 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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