Feeds

QLogic brandishes axe over staff, seeks $20m cost savings

Numerous employees at risk of redundancy

Choosing a cloud hosting partner with confidence

Some of the reasons for QLogic's ousting of its CEO have become clearer after the company issued a restructuring statement.

An undisclosed number of staff will be laid off; some engineering operations are going to be consolidated (presumably reducing overlap and costs); and the focus on product development is going to get "enhanced" in a menacingly unspecified manner.

These measures will take up to a year, with most of the work being done by the end of 2013. QLogic is aiming to make cost savings of $20m per year.

Jean Hue, interim CEO and CFO said in the company's statement: “These restructuring activities represent decisive steps designed to maximise engineering efficiencies, optimise business operations and align our investments with customer requirements.”

All is not well in HBA-land, that strange place where Fibre Channel SANs need host bus adapters to hook up to servers. QLogic competitor Emulex is under assault by a hedge fund for under-delivering shareholder value, and QLogic finds itself stuck in a financial bog too.

If we had to speculate, which El Reg's storage desk is inclined to do, we'd say the Rainier development of adding flash caches to QLogic's HBAs has cost too much money and will take longer than anticipated to deliver its return on the capital employed.

The company has around 1,300 employees, meaning a ten per cent cut in staff numbers would see 130 heads roll. ®

Remote control for virtualized desktops

More from The Register

next story
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
NASA launches new climate model at SC14
75 days of supercomputing later ...
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Cloud unicorns are extinct so DiData cloud mess was YOUR fault
Applications need to be built to handle TITSUP incidents
NSA SOURCE CODE LEAK: Information slurp tools to appear online
Now you can run your own intelligence agency
BOFH: WHERE did this 'fax-enabled' printer UPGRADE come from?
Don't worry about that cable, it's part of the config
Stop the IoT revolution! We need to figure out packet sizes first
Researchers test 802.15.4 and find we know nuh-think! about large scale sensor network ops
DEATH by COMMENTS: WordPress XSS vuln is BIGGEST for YEARS
Trio of XSS turns attackers into admins
SanDisk vows: We'll have a 16TB SSD WHOPPER by 2016
Flash WORM has a serious use for archived photos and videos
prev story

Whitepapers

Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Go beyond APM with real-time IT operations analytics
How IT operations teams can harness the wealth of wire data already flowing through their environment for real-time operational intelligence.
Why CIOs should rethink endpoint data protection in the age of mobility
Assessing trends in data protection, specifically with respect to mobile devices, BYOD, and remote employees.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?