Carlsbad’s Dot Hill, the company that refers to itself as the “market leader in providing flexible storage offerings and responsive service and support to OEMs and System Integrators, from engagement through end-of-life” has decided to cut 40 percent of it’s operations in Carlsbad by the end of the fourth quarter of 2008 as part of a 10 pecent reduction in their workforce, according to a story on Trading Markets.com.
The company said that its board has completed a review of potential restructuring and cost reduction opportunities and decided to implement the plan. Dot Hill was originally planning to consolidate most of its United States operations into its Longmont, Colorado operation by the middle of 2009, but the current economic environment caused it to defer the facilities move until 2010 in order to preserve cash.
And the economic depression marching on through North County.
[Link: Trading Markets]
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