Hard drive maker, Western Digital, is planning on cutting 2,500 jobs and executive pay based on the current economic forecast. They expect next year’s sales to be lower due to weakening demand. Western Digital is planning on closing it’s hard drive factory in Thailand and has plans to sell 2 factories in Malaysia.
Perhaps we will see a stabilization of storage prices next year. $60 for a 500GB drive is dirt cheap but current ‘sale’ prices may be short lived. With a few million less hard drives in production, relative supply will shrink and prices may even go up. Hmm, maybe I will pick up that 1.5TB drive for Christmas.