Western Digital Corp. to lay off 2,500 workers

Western Digital Corp. to lay off 2,500 workers
December 17, 2008 Filed under Computers


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Western Digital Corp. has announced that they are to layoff about 2,500 of their workers, as well as cutting the outlook of the fiscal second quarter. WD had said on Wednesday that the layoffs will amount to at least 5 percent of the total workforce.
Western Digital has also announced that predictions for the December quarter will be somewhere in the region of $1.7 billion to $1.8 billion. The tech storage company has also been announcing some other moves in the hope of saving money.
The first is to reduce capital spending for the 2009 fiscal year, from $750 million to $500 million. WD is to close two facilities, one in Malaysia and the other in Thailand. Western Digital expects demand weakness for their products well in to the middle of 2009.