200 Employee Workforce Reduction at Brocade

In a SEC filing on September 4, 2013, Brocade Communications Systems, Inc. committed to a workforce reduction plan intended to realign resources in connection with its previously announced data center and software-defined networking strategies and cost reduction initiatives.

The workforce reduction plan impacts approximately 300 notified employees worldwide. The company expects to incur aggregate charges of approximately $20 to $25 million for severance and other employee termination costs associated with the workforce reduction plan.

All of these charges are expected to be cash expenditures.

The company’s current headcount, excluding the notified employees, is approximately 4,180.