As the EMC World customer conference continues this week in Las Vegas, news emerges that the host company will be shedding an additional 1,004 employees as part of its latest round of cost-cutting.
From the company's latest 10-Q filing with the SEC:
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.
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, with total cash payments associated with the plan expected to be approximately $73.0 million.
All of these actions are expected to be completed within a year of the start of each program.
EMC, which had dismissed another 1,163 workers last year, employs about 60,000 worldwide.
An EMC spokesperson, Lesley Ogrodnick, tells the Boston Globe that this latest round of pink slips represents nothing more than business as usual:
"As EMC has been transforming our business, we have had ongoing rebalancing efforts," Ogrodnick said.
"This most recent one, which was disclosed on Jan. 29, 2013, is relatively consistent with these actions to rebalance and reorganize our workforce to best align with the opportunities ahead."
Overall, she said, EMC plans to "end 2013 with more employees than we had at the beginning of the year."
Corporate-speak, though I've heard much worse.
While it's been years since I've written about the storage industry for Network World, the fortunes of EMC do hit closer to home for me than do those of other vendors: literally closer to home, as I live a strong-armed stone's throw from EMC headquarters in Hopkinton, Mass. Twice a day I drive through the snarled traffic at the intersection of Rte. 495, West Main and South Street; those traffic jams a tangible reminder of what one big business means to one small town. One of my sons is scheduled to play a Little League game tonight at EMC Park.
I hope none of his teammates' parents got the bad news.
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