Western Digital to lay off 2,500, close plants
DriverHeaven.net —
... 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 ...
Western Digital announces job cuts
bit-tech.net News Feed —
Western Digital has announced plans to reduce headcount worldwide as well as the closure of some of its manufacturing facilities. John Coyne, chief executive officer of the hard drive manufacturer, has been quoted by BetaNews as saying that he expects the poor demand for storage products “ to last well into the middle of the 2009 calendar year, ” and has advised a new projected revenue for Q4 2008 at $1.8 billion – a significant drop from the $2.15 billion the company had previously forecast for that period. Coyne goes on to say that the company will be “ taking additional ...

