Isilon Cuts 10% of Workforce

Luke Timmerman4/6/09

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: 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.

Luke Timmerman is the National Biotech Editor of Xconomy, and the Editor of Xconomy Seattle. E-mail him at ltimmerman@xconomy.com or follow him on Twitter at twitter.com/ldtimmerman.