Pillar Data Systems, a San Jose storage company backed by billionaire Larry Ellison, terminated 150 employees today, about 30% of it’s global workforce.
Pillar is making these personnel cutbacks “to weather the storm,” company spokesman Chris Drago said. Ellison did not “mandate” the layoffs but supported the decision, Drago said: “Larry’s fully committed to Pillar and he believes this is the right thing to do.”
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