Feeds

EMC 'rebalancing' workers

So they can stand up straight in unemployment line?

Secure remote control for conventional and virtual desktops

Storage giant EMC said today that it will “rebalance” its work force to the tune of 1,000 positions even as it revealed it will beat its own expectations for the fourth quarter.

In a somewhat opaque statement, said that on December 30 it approved a plan which would result in “increased focus on new product development and the company’s ability to focus on new product development and the company’s ability to target, reach and support more customers around the globe.”

This will affect around 1,000 positions the firm says. Does that mean EMC supreme Joe Tucci is hanging up the “Hiring” sign? Er, not quite. Read on and the statement says it will be taking a cash charge of around $80m to cover the cost of employee separation benefits.

This at the same time it announced preliminary fourth quarter revs of $2.7bn to $2.71bn, with earnings per share, excluding items such as the worker rebalancing charge, coming in at $0.17, which is at the top end of its projections. Full year revs will be $9.65bn to $9.66bn.®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Ellison: Sparc M7 is Oracle's most important silicon EVER
'Acceleration engines' key to performance, security, Larry says
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Ello? ello? ello?: Facebook challenger in DDoS KNOCKOUT
Gets back up again after half an hour though
Hey, what's a STORAGE company doing working on Internet-of-Cars?
Boo - it's not a terabyte car, it's just predictive maintenance and that
Troll hunter Rackspace turns Rotatable's bizarro patent to stone
News of the Weird: Screen-rotating technology declared unpatentable
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.