LAKE FOREST, CA – Western Digital Corp. (WD) has announced several cost-cutting measures designed to boost its bottom line. The demand for hard drives is below expectations, and revenues for December have been revised. Originally predicted to fall between $2.025 billion and $2.150 billion, new figures expect revenue for the month to be between $1.7 billion and $1.8 billion.
 

Those additional steps, scheduled to be completed by March 2009, include a 5% reduction in its worldwide workforce through a layoff that will affect approximately 2,500 employees. One of its hard drive manufacturing plants in Thailand will close, and a media substrate plant in Malaysia will either close or be sold.
 

“We are taking these actions in order to strengthen our financial position and enhance the ability of our business to withstand an extended period of depressed demand while continuing to invest in the technologies, products and processes required to assure the continued success of our business,” explained Coyne. 

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