Linked by Thom Holwerda on Fri 3rd Mar 2006 21:44 UTC
SGI and IRIX SGI's new CEO has wasted no time performing a major shakeup at the server company. Moves announced today include substantial layoffs, executive departures and SGI's plans to tweak its server business. SGI will fire close to 12 per cent of its workforce - 250 staffers - in the hopes of saving some extra cash. Word of the layoffs arrives just about a month after SGI moved former CEO Bob Bishop aside and tapped Dennis McKenna as its new chief. SGI heralded the layoffs as proof of McKenna's quick, decisive action, issuing a statement titled 'CEO Delivers Aggressive Changes in First 30 Days as Part of Turnaround.' The Inq speculates about nVidia buying SGI's graphics dpt. Update: Couldn't resist.
Permalink for comment 101810
To read all comments associated with this story, please click here.
RE: re. Usual way it goes...
by chrish on Mon 6th Mar 2006 16:34 UTC in reply to "re. Usual way it goes..."
Member since:

That's pretty much my cynical view of what they teach you in MBA school, except you've left off:

5. get massive golden handshake while leaving the company

6. move on to next company courtesy of your golf buddies

7. goto 1

- chrish

Reply Parent Score: 1