Isilon Systems, the Seattle-based maker of data storage products, said it is cutting 10 percent of its global workforce to save about $4 million a year. The company (NASDAQ: [[ticker:ISLN]]) announced the cuts in a preliminary first-quarter financial report, which put revenue at $26.5 million to $27 million in the quarter, down 15 to 17 percent from the preceding three month period. Isilon didn’t say how many employees were affected, although it had a staff of 394 on Dec. 31, according to its annual report.
Author: Luke Timmerman
Luke is an award-winning journalist specializing in life sciences. He has served as national biotechnology editor for Xconomy and national biotechnology reporter for Bloomberg News. Luke got started covering life sciences at The Seattle Times, where he was the lead reporter on an investigation of doctors who leaked confidential information about clinical trials to investors. The story won the Scripps Howard National Journalism Award and several other national prizes. Luke holds a bachelor’s degree in journalism from the University of Wisconsin-Madison, and during the 2005-2006 academic year, he was a Knight Science Journalism Fellow at MIT.
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