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Facillity Closures & Downsizings: Cisco, Orchard Supply and Sequenom Cutting Staff

Plus Additional New Property Availabilities from Corporate Downsizings
August 26, 2013
Cisco Systems Inc. is rebalancing its resources with a workforce reduction plan that will eliminate 4,000 employees or 5% of Cisco’s global workforce. Cisco expects to take action under this plan beginning in the first quarter of fiscal 2014. Cisco currently estimates that it will recognize pre-tax charges to its GAAP financial results in an amount not expected to exceed $550 million consisting of severance and other one-time termination benefits, and other associated costs.


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Orchard Supply Hardware Stores identified nine additional stores for closure. In addition to the 17 stores that are being closed as part of the Chapter 11 process, two stores have closed in the normal course of business since June 17, 2013. The company expects to continue operating its remaining 72 stores at the completion of the sale process.

Sequenom Inc. plan to reduce its workforce as part of an overall cost reduction effort. The reorganization affects 75 employees. The San Diego-baseed company anticipates a reduction of $10 million in compensation-related expenses in future operating expenses on an annualized basis.


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CompanyAddressCityStateClosure or LayoffAffected WorkersDate

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Cummins West5150 Boyd RoadArcataCAClosure119/28/2013

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Cummins West4601 E. Brundage LaneBakersfieldCAClosure349/28/2013

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Valley Crest (Estate Gardens)24151 Ventura Blvd.CalabasasCAClosure699/1/2013

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International Paper Co.120 E. Rose Ave.El CentroCAClosure1109/20/2013

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Bayer Healthcare5650 Hollis St.EmeryvilleCAClosure1879/1/2013

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Palomar Health1817 Avenida Del DiabloEscondidoCAClosure1229/1/2013

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Palomar Medical Center2185 Citracado PkwyEscondidoCALayoff359/19/2013

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Cummins West5333 North Cornelia Ave.FresnoCAClosure439/28/2013

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Lifescan1000 Gibraltar DriveMilpitasCALayoff769/13/2013

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Cablofil9415 Kruse RoadPico RiveraCAClosure279/27/2013

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Volcano Corp.2370 Kilgore RoadRancho CordovaCALayoff399/2/2013

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Cummins West5125 Caterpillar RoadReddingCAClosure129/28/2013

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Silgan Containers3250 Patterson RoadRiverbankCALayoff1609/1/2013

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Herrick Corp.5454 N. Industrial PkwySan BernardinoCALayoff1409/16/2013

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Ryder7140 N. Cajon Blvd.San BernardinoCAClosure1089/23/2013

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Grass Valley USA475 Brannan St.San FranciscoCAClosure279/30/2013

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Philips Electronics North America370 W. Trimble RoadSan JoseCALayoff729/28/2013

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Cummins West14775 Wicks Blvd.San LeandroCAClosure1449/28/2013

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JDSU Uniphase Corp.2789 Northpoint PkwySanta RosaCALayoff1269/12/2013

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Lockheed Martin Corp.1111 Lockheed Martin WaySunnyvaleCALayoff1639/30/2013

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Mozzarella Fresca615 N. Burnett RoadTiptonCAClosure1449/6/2013

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Comcast25201 S. Schulte Road, Bldg 11TracyCALayoff879/28/2013

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Live Nation Entertainment100 Universal City Plaza, Bldg SC-24Universal CityCAClosure5069/6/2013

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Cummins West875 Riverside PkwyWest SacramentoCAClosure609/28/2013


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