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

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

  2. 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.