SiliconBeat

The people and companies driving the innovation of Silicon Valley

Silicon Graphics reports job cuts totaling 7 percent of workforce

Silicon Graphics revealed the termination of more than 100 jobs, or about 7 percent of its workforce, since June in a filing today with the SEC. It eliminated 90 position on July 15 after the company “identified opportunities to consolidate and centralize certain groups, rationalize where and how we do business, and to relocate some functions based on efficiencies and geographic differences in the cost of doing business.”

The move followed a “separate action” on June 17 that cut 15 employees after Silicon Graphics shut down its data center and labs in Mountain View and moved activities there to its facility in Chippewa Falls, Wisconsin.

The job cuts will results in the payment of about $2.5 million in cash termination benefits by the maker of computer servers, data storage and visualization systems.

Silicon Graphics, which climbed out of bankruptcy protection in October 2006, reported sales of $79.1 million in its fiscal 2008 third quarter ended March 31, down 40 percent from the year-before quarter, and a net loss of $39.7 million, 73 deeper than the loss in the year-before quarter. Since its re-emergence from bankruptcy it has accumulated $221.7 in losses.

Share/Save/Bookmark

Leave a Reply