Friday, January 14, 2011
LSI Cuts Jobs In Southern California
LSI Corporation, a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. The cuts came as a result of the loss of a program from HP, which had been the sole OEM for LSI's Storage Virtualization Manager (SVM) product line. According to reports in The Register, LSI said it would be discontinuing its SVM and DPM products because of the "rapidly changing" external storage market. LSI's products had been the result of combined efforts of the technology acquired in 2006 from Irvine-based StoreAge, combined with technology acquired from QLogic, which had originally been developed by Westlake Village-based Troika Networks. Sources close to LSI confirmed the layoffs.