Brocade lays off 115 employees

Storage switch supplier Brocade Communications Systems has cut a ninth of its workforce.

Brocade, which said the 115 layoffs were necessary to "better align and optimise" its business model, said it now has 1,200 workers worldwide.

It will take a one-time charge related to the layoffs in its second financial quarter, which ends this month. Brocade will disclose the amount of the charge when it releases its second-quarter financial results in May.

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Only a week before the job cuts, Brocade had said it was on track to reach its revenue projections of between $128m and $133m for its second financial quarter.

Like other technology companies, Brocade is also suffering from a downturn in the economy. In November, the company laid off 160 employees.