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SGI Announces Restructuring, Cuts 400 Jobs

Posted by ryuzaki0 on from the downsized-layoffs dept.

kerneljacabo writes "Yikes! SGI seems to be the lastest victim of the economic downturn. Today they announced an extensive 'restructuring,' which includes releasing about 10% (400) of their employess. Seems like no one is immune." SGI claims this'll save them $40M, as well as improve their performance next fiscal year.

2 of 310 comments (clear)

  1. lastest? by kongjie · · Score: 0, Flamebait

    Is lastest a new word? Perhaps it suggests that while an event is the latest in a series, it is also at the end of the series, and (in this case) the economic upturn is in sight?

  2. Re:Um, this can't be right by pongo000 · · Score: 0, Flamebait

    I sadly was involved in layoffs at my work, and one minute I was talking to one of my employees about his 6-month/1-year/2-year goals, and the next, I was laying him off.

    So you laid people off in 2000, and you're still with the same company 3 years later?

    Do you feel no shame for ruining someone's life for the sake of profit? It's people like yourself that continue to perpetuate the fraud of "downsizing" by your willing participation in the process. What a sad commentary.