November 22, 2008

Aruba Networks: 10% reduction in work force

According to Aruba Networks Press Release (SUNNYVALE, CA, Nov 20, 2008): “To streamline operations, Aruba is reducing its operating expenses by approximately 10%, through a combination of a reduction in work force and reducing other non-headcount related expenditures. Net expense associated with the reduction in work force, which is primarily for severance and severance benefits, is expected to total approximately $1.2 million, which the Company expects to incur in the fiscal second quarter. Aruba expects these cost reduction measures to result in pretax savings of approximately $2.0-2.5 million in fiscal Q2 2009 and $5-6 million in the second half of fiscal 2009.”

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