I was just reading the Press Release on the “Preliminary Fourth-Quarter Financial Results” over on EMC’s website and noticed the following:
The restructuring program will reduce EMC’s global Information Infrastructure workforce by approximately 2,400 positions, or about 7% of its headcount as of September 30, 2008.
Don’t know if anyone had already noticed it or not. But it seems like major news to me. Especially with all the rumours floating around on layoffs at other huge software firms.
Has EMC given any indication what products/services this restructuring will affect? I know the Press Release states VMWare won’t be included in the restructure, but I’m curious what else will.
It is unfortunate more than surprising. It seems that this is happening all over the place. You could see it starting a little bit before the current financial crisis. Being in the technology sales business I see it all over the place.
Hopefully it will rebound soon. I was laid off once about 6 years ago and it was not fun.
I was laid off in 2000, and see where I turned up