EMC To Shed More Than 1800 Jobs
EMC, VMware and RSA employees set for the chop, even though the storage giant remains in rude health
EMC has confirmed it is cutting over 1800 jobs as part of a major restructuring, but claimed it will have more employees at the end of the year than it had at the start of 2013.
Jobs will go across the EMC portfolio, including at major subsidiaries VMware and RSA. VMware will shed 800 workers “across all major functional groups and geographies”, as was revealed in January.
EMC is currently hosting its major annual event, EMC World, where its biggest launch focused on software-defined storage.
EMC, RSA, VMware cuts
The cuts were revealed in paperwork filed with the US Securities and Exchange Commission (SEC), in which the storage giant said 1,004 employees would be let go.
“The actions will impact positions around the globe covering our Information Storage, RSA Information Security and Information Intelligence Group segments, and is expected to result in a total charge of approximately $80.0 million,” the 10-Q document read.
“All of these actions are expected to be completed within a year of the start of each program.”
The VMware job cuts are expected to cost the company between $60 million and $65 million
“For the last couple years, as EMC has been transforming our business, we have had ongoing rebalancing efforts. This most recent one… is relatively consistent with these actions to rebalance and reorganise our workforce to best align with the opportunities ahead,” a spokesperson from EMC said, in an emailed statement sent to TechWeekEurope.
“EMC intends to end 2013 with more employees than we had at the beginning of the year.”
Earlier this year, EMC results showed the company was in rude health, with record results that saw profits rise 12 percent to $1.2 billion in the fourth quarter of 2012.
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