Feeds

EMC to ditch another 4,000 workers

Records first quarterly loss in 12 years

  • alert
  • submit to reddit

The essential guide to IT transformation

Fresh from getting ousted by IBM at its flagship customer Wal-Mart, EMC has reported its first quarterly loss for 12 years. And it's going to can about 4,000 jobs, which will leave it with around 19,000 workers by the end of the year.

Sales have free-fallen 47 per cent in the quarter ended 30 September, to $1.21 billion. Losses for the period were $945 million. In the same period a year earlier, the company reported a net income of $458.2 million, on sales of $2.28 billion.

EMC announced its refreshed range of Symmetrix Enterprise Storage systems on 10 September. The next day no one cared.

"This is a very difficult time for nearly all businesses," said Mike Ruettgers, EMC executive chairman. "Like many technology companies, we normally complete most of our business in the third month of every quarter."

The company announced it was showing 2,400 employees the door in September. ®

Related Link

EMC results

Related Story

IBM kicks EMC where it hurts
EMC isn't major competition anymore - IBM
IBM+EMC = win-win or dog's dinner?
EMC slashes 2,400 jobs

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?