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back to article Workforce DECIMATION: QLogic fires up its pink slip printer

Prepare for pink slips. Following lousy results and the CEO leaving, server and storage biz QLogic has announced a restructuring program – with sacked bodies seemingly being the only feature. Available here, the brief SEC filing states: On 2 September, 2015, QLogic Corporation (the “Company”) approved a restructuring plan …

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  1. Vector
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    Thumbs up for the proper use of decimation!

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  2. Your alien overlord - fear me

    Wow, screw up a company and get $1.2 mill payoff. Where do I sign up?

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    1. Anonymous Coward
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      Anonymous Coward

      Don't forget $400,000 in stock and 12 months of paid insurance is significant.

      0 0 Reply
    2. Anonymous Coward
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      Anonymous Coward

      http://www1.salary.com/Prasad-L-Rampalli-Salary-Bonus-Stock-Options-for-QLOGIC-CORP.html

      $6.6M in 2014

      This would make Milton Friedman go Karl Marx.

      0 0 Reply
  3. Vatsan

    I believe, it's high time that the world really starts introspecting about firing people for reducing costs / increasing profits. I also believe that the best Corporate Social Responsibility these Corporates could demonstrate is by job creation. I know there are enough arguments against my views here but the present Hire-n-Fire Culture that is well entrenched in the Free Market Economies only sees humans as Cost and not as human beings

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