Written by admin
Wednesday, January 7th, 2009
Despite expecting to meet revenue estimates for its fourth quarter, EMC said on Wednesday that it is instituting a restructuring program that includes laying off 2,400 people.
The restructuring is aimed at streamlining costs associated with EMC’s Information Infrastructure business and will not affect VMware, EMC’s virtualization subsidiary, the company said.
The 2,400 people represent about 7% of the Information Infrastructure business. (Computer World)
