Xilinx Announces Restructuring, Job Cuts

Xilinx expects to reduce its global workforce by up to 200 positions, or 6%, resulting in a pre-tax charge of approximately $11 to $13 million in the June quarter primarily related to severance pay expenses. Additionally, Xilinx is implementing other short-term cost savings including executive salary reductions and a broad-based employee salary freeze. Over the longer term, the company expects to implement further supply chain efficiencies. This is expected to result in changes to the structure and location of certain global operations, which are expected to provide the company with further cost savings over time.
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