Western Digital to lay off 2,500, close plants

**MIG-31** · Dec 17, 2008, 06:40 PM

Storage company Western Digital today joined the ranks of companies scaling back their workforces, announcing a cost restructuring that will involve a worldwide headcount reduction and closure of manufacturing facilities.

"We expect demand weakness to last well into the middle of the 2009 calendar year," John Coyne, president and CEO of WD said in a prepared statement. The company has seen increasingly competitive pricing from the likes of Hitachi and Seagate coupled with a decreased demand for hard drives overall. The projected revenue ceiling for the December quarter has dropped from $2.15 billion down to $1.8 billion.
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Source: Betanews

latamesh · Dec 17, 2008, 08:08 PM

Wha??? I just bought WD Caviar 160GB the other day! Seagate is dying on me and Hitachi actually did crapped out on me and the replacement Hitachi also crapped out just after the warranty!

Resistor · Dec 19, 2008, 01:11 PM

2500 people... Dang, that's lots of people.. Must be one of the way the executives to increase more money into their own pocket only....

Dec 17, 2008, 06:40 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 55,747 Rep Power: 444 System Specs	Western Digital to lay off 2,500, close plants Storage company Western Digital today joined the ranks of companies scaling back their workforces, announcing a cost restructuring that will involve a worldwide headcount reduction and closure of manufacturing facilities. "We expect demand weakness to last well into the middle of the 2009 calendar year," John Coyne, president and CEO of WD said in a prepared statement. The company has seen increasingly competitive pricing from the likes of Hitachi and Seagate coupled with a decreased demand for hard drives overall. The projected revenue ceiling for the December quarter has dropped from $2.15 billion down to $1.8 billion. ____________ Source: Betanews __________________ Please Post Your News Submissions Here

Dec 17, 2008, 08:08 PM	#2
latamesh DriverHeaven Junior Member Join Date: Dec 2008 Posts: 26 Rep Power: 21	Re: Western Digital to lay off 2,500, close plants Wha??? I just bought WD Caviar 160GB the other day! Seagate is dying on me and Hitachi actually did crapped out on me and the replacement Hitachi also crapped out just after the warranty! __________________

Dec 19, 2008, 01:11 PM	#3
Resistor Get it Going.. Join Date: May 2004 Location: Brisbane ..Oz Posts: 731 Rep Power: 50	Re: Western Digital to lay off 2,500, close plants 2500 people... Dang, that's lots of people.. Must be one of the way the executives to increase more money into their own pocket only....