QLogic sees $5M-$6M of pre-tax charges in FY16 from restructuring plan On September 22, QLogic approved a restructuring plan designed to further align the company's future operating expenses with its current revenue expectations. The restructuring plan includes a workforce reduction and the consolidation and elimination of certain engineering activities. The company anticipates that the restructuring activities will be substantially completed during the company's fiscal 2016. In connection with the restructuring plan, the company expects to incur between $5M-$6M of pre-tax charges, including $3M-$4M of cash charges. The expected charges associated with the restructuring plan consist of approximately $2M of employee termination benefits and $3M-$4M of other costs, including costs related to a facility under a non-cancelable lease that the company intends to cease using as part of the restructuring plan. The company expects that the charges associated with the restructuring plan will be recorded in the company's fiscal 2016.