Iomega to Cut 120 Jobs to Reduce Expenses
From Bloomberg News
Iomega Corp., a maker of data-storage products for computers and networks, said it would cut 120 jobs, or about 30% of its workforce.
The San Diego-based company is cutting jobs and consolidating facilities as part of a restructuring plan to reduce expenses.
The job cuts and other steps will save Iomega as much as $42 million a year, the company said.
