Memory products maker Western Digital Corp. (Nasdaq: WDC) has informed California state officials it plans to permanently lay off 62 employees at its offices in Irvine, effective Jan. 13.
The company posted an entry about the planned dismissals on the state’s WARN system, which is used to signal significant staff reductions.
“As part of our efforts to manage through a dynamic and challenging macroeconomic climate, Western Digital has taken several steps to improve capital efficiencies and reduce operating expenses, including a reduction in our global workforce,” a Western Digital spokesperson told the Business Journal in a statement.
The statement continued: “While near-term market conditions are challenging, digital transformation continues to drive long-term growth for data storage from client to edge to cloud. We believe these changes will strengthen our global scale, allowing us to continue to provide high-quality products and solutions that play in every part of the technology ecosystem.”
Western Digital changed its headquarters designation from Irvine to Silicon Valley in 2017.
The stock was down 3% to $36.21 per share for a market cap of $11.5 billion as of early afternoon today in New York.