Western Digital to lay off 2,500, close plants

**MIG-31** · Dec 17, 2008, 12:40 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.
____________
Source: Betanews

latamesh · Dec 17, 2008, 02:08 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, 07:11 AM

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, 12:40 PM	#1
MIG-31 DH News MOD Join Date: Dec 2002 Location: Nottingham,UK Posts: 42,568 Rep Power: 185 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 How you can help DriverHeaven by using Digg!

Dec 17, 2008, 02:08 PM	#2
latamesh DriverHeaven Junior Member Join Date: Dec 2008 Posts: 26 Rep Power: 7	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, 07:11 AM	#3
Resistor Get it Going.. Join Date: May 2004 Location: Brisbane ..Oz Posts: 691 Rep Power: 0	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....

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Posted By	For	Type	Date
Western Digital to lay off 2,500, close plants - Storage	This thread	Refback	Dec 22, 2008 04:42 PM
Seagate - News, Video, Photos, and Rumors from PCHardwareBlips	This thread	Refback	Dec 17, 2008 02:32 PM

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