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Silicon Graphics Slashes 10 Percent Of Workforce

Silicon Graphics Inc. announced Thursday that it will reduce its workforce by 10 percent, or about 400 jobs, in an effort to return the struggling computermaker to profitability.
The job cuts represent a quarterly expense reduction of about $10 million ($40 million annually), which the company hopes will help bring expenses in line with revenues. The company cited “a difficult market for large industrial systems sales” as responsible in part for the company’s ongoing financial straits, despite a recent boost from the defense sector.

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