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SGI Announces Restructuring, Cuts 400 Jobs

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.

14 of 310 comments (clear)

  1. A tech company? by Anonymous Coward · · Score: 5, Funny

    Caught in an economic downturn? Force to cut jobs? I am shocked.

  2. Apparently... by InterruptDescriptorT · · Score: 4, Funny

    ...SGI stands for jobs soon gone to India.

    Sad. I spent many a fun hour in the SGI lab at university, hacking on GL and wondering if we would ever get consumer-level graphic cards that could do that.

    Poor SGI.

    --
    Karma: Excellent Birds (mostly as a result of listening to Laurie Anderson)
  3. boo by digitalsushi · · Score: 4, Funny

    From the page at the bottom: "About SGI [...] SGI was named on FORTUNE magazine's 2003 list of "Top 100 Companies to Work For." FORTUNE regrets the error."

    --
    slashdot: where everyone yells sarcastic metaphors to themselves to understand the issue
  4. Re:Um, this can't be right by zephc · · Score: 4, Funny

    they're canning all 400 janitors and cleaning ladies

    at $100,000 a year each, it really adds up quick!

    --
    "I would say that 99 per cent of what my father has written about his own life is false." - L. Ron Hubbard Jr.
  5. Damn, they treat their employees well... by HungWeiLo · · Score: 4, Funny


    $40,000,000 saved by cutting 400 employees...they SURE do spend a lot per employee! What's that, lifetime Jolt cola, personal 24-hr masseuses, and weekend company Jet usage?

    --
    There are a huge number of yeast infections in this county. Probably because we're downriver from the bread factory.
  6. SatireWire's Satire by JayDiggity · · Score: 5, Funny
    Whenever I see stories like this, I can't help but think of this article from SatireWire:

    AT&T TO CUT WORKFORCE 120 PERCENT

    Funny and brutally honest. Too bad they stopped putting out new stuff.

  7. Re:Um, this can't be right by D-Train · · Score: 2, Funny

    SGI is apparently still hiring (and hiring pretty young men to boot).

    Yeah, but the ones they're firing are old and ugly.

  8. Re:Math by GGardner · · Score: 4, Funny

    If each of these 400 employees required an expensive SGI workstation on their desks, just think of the savings!

  9. Re:Um, this can't be right by Anonymous Coward · · Score: 1, Funny

    "the software development realm of SGI is apparently still hiring (and hiring pretty young men to boot)."

    a strange way to phrase that -- freudian slip? hmm?

  10. Re:such a shame by Anonymous Coward · · Score: 3, Funny

    SGI is the only hardware that excites me more than Apple.

    Obviously, you haven't seen a great pair of tits. Although on further reflection, they might be considered software, so never mind.

  11. Re:Um, this can't be right by Anonymous Coward · · Score: 1, Funny
    The inability to spell adds "zazz".

    Happy Duck say:
    o< -- You fail it!

  12. Re:such a shame by Anonymous Coward · · Score: 2, Funny

    But for the typical Slashdotter, merely vaporware.

  13. Offtopic, I'll give you offtopic by Anonymous Coward · · Score: 1, Funny

    A penguin had to take his car for engine repair. The mechanic told the penguin to leave his car with him for about two hours, to find out whats wrong.
    The penguin proceeds to go across the street to a grocery store, climbs into a freezer and eats some vanilla ice cream.
    When the two hours was up the penguin went back to the garage to find out what happened to his car.
    When the penguin entered the garage, the mechanic looked at him and said, "Looks like you blew a seal."

    The penguin replied, "NO way, thats vanilla ice-cream!"

  14. Re:Um, this can't be right by kahei · · Score: 4, Funny

    SGI is apparently still hiring (and hiring pretty young men to boot).

    Well, I'm glad you think you're pretty.

    I won't ask what 'booting' is in this context.

    --
    Whence? Hence. Whither? Thither.