EMC and VWware to axe 1,800 jobs
Restructuring cited as primary reason for layoffs.
EMC and VMware will cut a total of 1,804 jobs, as the firms aim to carry out a restructuring plans during the course of 2013.
EMC disclosed the information in its quarterly 10-Q report, filed with the Securities and Exchange Commission.
"In the first quarter of 2013, EMC implemented restructuring programs to create further operational efficiencies which will result in a workforce reduction of 1,004 positions," it was noted in the filing.
EMC's subsidiary VMware cited similar reasoning for job cuts.
"In the first quarter of 2013, VMware implemented a plan to streamline its operations in order to focus its business on strategic areas it has determined to be most compelling. The plan includes the elimination of approximately 800 positions across all major functional groups and geographies."
The cuts come despite favorable first quater earnings for both EMC and VMware. EMC posted Q1 revenue of $5.39 billion, up 6 per cent annually. VMware generated revenue of 1.19 billion, up 13 per cent year-on-year.
The news comes midway through the firms annual EMC World conference in Las Vegas where the storage vendor has released a slew of products including management software.
The restructuring programs are intended to "further operational efficiencies" and are expected to be completed by the end of 2013.
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