A structure and method to reduce leakage of a Static Random Access Memory (SRAM) array, wherein the array is subdivided into a set of sub-arrays, whose supply voltages can be controlled independently using a single voltage regulation circuit dedicated to the entire SRAM array. A switch fabric enables independent switching of individual sub-arrays between a virtual ground level and a system ground level based on whether the sub-array is operating in power saving mode or a high performance mode to reduce leakage current when a sub-array is configured in a power saving mode.