Articles about Restructure

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IT outsourcing is soooo passé, says outsourcing giant Fujitsu

Traditional IT outsourcing has "had its heyday", chief technology officer Joseph Reger of traditional-IT-outsourcer-turned-wannabe-digital-upstart Fujitsu has said. Speaking to The Register at the Fujitsu Forum trade event in Munich, he said: "I don't think it's had its day completely yet, because that means it would not be a …
Kat Hall, 16 Nov 2016
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Red Hat eye from the Ubuntu guy: Fedora – how you doin'?

Comment Red Hat is the biggest – and one of the oldest – companies in the Linux world, but despite the difficulty of accurately measuring Linux usage figures, Ubuntu and its relatives seem to be the most popular Linux distributions. Red Hat isn’t sitting idle, though. Despite its focus on enterprise software, including virtualisation, …
Liam Proven, 19 Oct 2016

Fujitsu to axe 1,800 jobs across the UK

IT giant Fujitsu is to axe 1,800 jobs in Blighty – around 13 per cent of its UK workforce. The Japanese godzilla denied the move was driven by Brexit but was intended to allow to "better compete and grow in today’s global IT marketplace." A Fujitsu spokesman said the company is planning a transformation program that will …
Kat Hall, 11 Oct 2016

Lenovo grabs spotlight, hunts for sales uplift after server build shift

Lenovo claimed it has yet to feel the commercial benefit of putting local server assembly into the hands of a contract manufacturer in Europe because the market has “tanked” - the cloud saw to that, an exec has said. The Chinese firm shifted rack and tower production to Flextronics in Hungary from May and will move over more …
Paul Kunert, 07 Oct 2016

That's cold: This is how our boss told us our jobs are at risk, staffers claim

Shrinking Cisco Gold reseller Intrinsic Technology has put a bunch of staff across various departments at risk of redundancy amid an organisational restructure. Employees at the Merseyside-based company were last week ushered into one of three boardrooms where presentations were played simultaneously to sales, HR & support and …
Paul Kunert, 27 Sep 2016
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Nest developers become Oompa-Loompas in Google shake-up

Another month, another Alphabet attempt to restructure its Internet of Things businesses into something coherent and successful. It's probably been on the cards ever since Nest CEO Tony Fadell quit in June this year: Alphabet has assimilated the thermostat-and-smoke-detector platform team into Google. The news comes courtesy …

Sharp's new CEO warns of job losses amid 'optimization'

The new CEO of Sharp Electronics has warned that there will be job losses at the consumer electronics company amid a broader restructure. Tai Jeng-wu now heads the company following the takeover by Foxconn for $3.8bn, which saw the giant take a 66 per cent ownership stake. The job losses have long been rumored, and Foxconn …
Kieren McCarthy, 22 Aug 2016
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Rackspace CEO: Yes, Brexit has hit us, yes we sold our Cloud Sites biz

Rackspace execs confirmed the sale of its Cloud Sites hosting sub to Liquid Web but ignored the white elephant in the room that Apollo Global is reportedly in talks to slurp the entire organisation. The private equity house might well end up taking Rackspace private again in a deal valued at up to $4bn, buying the company time …
Paul Kunert, 09 Aug 2016
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Fortinet axes two per cent of workforce, chops 100 sales, ad staff, execs

Fortinet has laid off 100 sales and marketing staff along with an unknown number of executives, as part of a company wide restructure that has axed about two percent of its workforce The job losses flow from the company's acquisition of IT operations analytics outfit AccelOps in June 2016. Fortinet told The Register in a …
Team Register, 05 Aug 2016

Simply not credible: The extraordinary verdict against the body that hopes to run the internet

In an extraordinary judgment, the organization that hopes to take over running the top level of the internet later this year has been slammed by an independent review as at best incompetent and at worst deliberately mendacious. The decision [PDF] by ICANN's Independent Review Panel (IRP) over the organization's decision to …
Chris Williams, 03 Aug 2016

Microsoft grabs employment guns, aims at British sales units

Microsoft is expected to release more than 100 employees across the UK organisation from the shackles of employment, multiple sources have told The Register. Hapless staff were recently flown to Orlando for the FY’17 global sales kick off MGX – Microsoft’s Global Exchange – where they heard about priorities for the year ahead …
Paul Kunert, 01 Aug 2016
Profits down, image via Shutterstock

Logicalis: Top line shrinks as UK restructuring continues

Restructuring at Logicalis that weighed heavy on the integrator’s financials in recent times will be over and done with at some point before the, er, end of next February. Datatec, the London-listed parent of Logicalis and networking and comms distie Weston, today issued a heads up for first quarter trading ended June - sales …
Paul Kunert, 20 Jul 2016
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Atlantis retreats to core VDI software and appliance market

Atlantis Computing, the software house that produced a VDI (virtual desktop infrastructure) offering and then expanded into general virtual server acceleration and on into hyper-converged appliances, is scaling its product line back to workspace software and hyper-converged appliances, with consequent job losses. Its current …
Chris Mellor, 29 Jun 2016

Hewlett Packard Enterprise CTO, CCO to call it a day

Martin Fink, the chief techie straddling Hewlett Packard Enterprise’s global Labs is quitting just as the prototype of his most ambitions project to date, The Machine, edges closer. In a blog note today, CEO Meg Whitman confirmed the CTO will be “retiring” at the end of the year after more than three decades at the company. “ …
Paul Kunert, 27 Jun 2016

Outsourcery: We've had offers for our assets (and, er, shareholders might get nothing)

Investors in beleaguered cloud biz Outsourcery may well take a bath after the company confirmed it is in talks with suitors who made offers for its assets that will leave them little or no return. The Manchester-based biz, set up by former Dragon Den's luvvie Piers Linney, revealed in April it was again running out of cash and …
Paul Kunert, 03 Jun 2016
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Eject button hit: UK overlords of tech distribution split

What a week it has been for high level UK departures, with three major tech distributors – Arrow ECS, Ingram Micro and Wick Hill – parting with a big cheese. First up is Nick Thurlow, veep of north west Europe at Arrow, who confirmed to us he is leaving at the end of this month a little over three years after he joined from …
Paul Kunert, 03 Jun 2016
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I'm in, says insolvency expert, grabs chair on board of Dragons’ Den star's firm

An insolvency and restructuring veteran has taken a seat at the board of moribund cloud services firm Outsourcery as one of the requisite Ts&Cs to secure a funding lifeline from Vodafone. The AIM-listed firm run by former Dragons’ Den badass Piers Linney and joint-CEO Simon Newton revealed David Duggins, senior advisor at …
Paul Kunert, 12 May 2016
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Outsourcery inks Vodafone finance deal as selloff rumours grow

Sickly slinger of cloud services Outsourcery has signed a finance deal with Vodafone to keep the wolves from the door as it prepares to restructure – or do what some are interpreting as readying itself for a sale. The AIM-listed bringer of infrastructure, apps and UC services revealed at the start of this week it is again …
Paul Kunert, 27 Apr 2016
Axellio hardware

X-IO spinning off Axellio line into new biz

Exclusive X-IO Technologies is spinning off its Axellio flash array tech into a separate company as it prepares to stop investing in a market share bun fight with the existing ISE and iglu products. The company has sold in excess of 8,000 ISE flash and flash/disk arrays, and iglu storage data services products, to more than 1,500 …
Chris Mellor, 26 Apr 2016
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Swallow flies into Logicalis UK exec nest

Logicalis has sworn in acting UK boss Bob Swallow as the permanent MD, vowing to fill the other seats in the senior management team next month. Swallow moved to the Slough-based system integrator last summer, first as a contractor to restructure sales for the Cisco team and then as sales director from November. The man has …
Paul Kunert, 20 Apr 2016
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IBM shuffles units, axes staff, sees profit shrink

IBM's attempts to re-organize its businesses and focus on its Watson cloud-AI-offering-thing did not prevent Big Blue from tumbling to its sixteenth consecutive quarter of falling revenue. The enterprise giant said on Monday that its new "reporting structures" will show how it is focusing on growth markets like cloud services …
Shaun Nichols, 19 Apr 2016
Iain Duncan Smith. Pic: Foreign & Commonwealth Office

Iain Duncan Smith's Universal Credit: A timeline

Universal credit, the proposed one online benefits system to rule them all, has always been Iain Duncan Smith's brainchild – but with his shock departure from the Department for Work and Pensions, will the government finally put a bullet in the troubled project? Announced with great fanfare in 2011, the programme intended to …
Kat Hall, 21 Mar 2016

Trade union threatens work-to-rule action over HPE Lancashire job cuts

The Public and Commercial Services trade union has - as expected - opened a ballot calling for work-to-rule action over HPE's plans to axe 166 jobs in Lancashire. Staff at HPE’s infrastructure outsourcing unit in Lytham who work on public sector contracts, including business for the Department of Work and Pensions, were put at …
Kat Hall, 18 Feb 2016
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The fracking oil price drop whacked Panasas – who's next in energy IT?

NAS appliance maker Panasas was forced to restructure after falling oil prices caused its customers in the energy sector to spend less on its technology. That's why executives fled the building, and why other staff have been let go. CEO Faye Pairman said Panasas has a long-standing strategy of diversifying into vertical …
Chris Mellor, 04 Feb 2016
Toshiba Satellite S50-B

Sorry, Toshiba, speak up ... What was that? A $6bn loss amid an accounting scandal?

Life isn’t getting any easier for Toshiba: the accountancy-scandal-hit Japanese conglomerate has forecasted a wider net loss of ¥710bn ($6bn) for its fiscal year, which ends in March. The worst set of losses in the company's history – it was founded in 1875 – are being blamed on restructuring costs, and amortisation of the …
Paul Kunert, 04 Feb 2016
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BT airs out new business structure as it digests EE

BT is to create a Frankenstein business unit on April Fools' Day worth £5bn out of old parts of BT Global Services focused on the UK, BT Business and EE's newly acquired business unit, it announced during "record" third quarter financial results. The major restructure plans come days after the outfit completed its £12.5bn …
Kat Hall, 01 Feb 2016

Microsoft hammers first nails into Enterprise Agreements' coffins

Microsoft is to prevent SMEs from buying software via an Enterprise Agreement, a move some industry figures interpreted as the first of a death-by-a-thousand-cuts fate for the volume licensing programme. From the start of July, Microsoft will raise the minimum commitment on EAs from 250 users/ devices to 500, channel partners …
Paul Kunert, 26 Jan 2016
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Database rights are no 'impediment' to Europe's data-driven economy

Opinion The existence of database rights does not hold back EU businesses from developing innovative new uses for data, despite what a recent report backed by two European Parliament committees says. Examples from the sporting world show that database rights can in fact support innovation in uses of data and, in contrast, highlight …

Activist investors want tepid Yahoo! to reboot crashed Marissa Mayer

Updated Activist investors Starboard have joined calls for a management overhaul at Yahoo!, arguing the company is hemorrhaging cash under its leadership. In a letter to the company's board (PDF), the investors note that the past year has been "extremely frustrating" for shareholders, which has seen a "continued downward spiral of the …
Kat Hall, 06 Jan 2016
Man holds white flag while sitting alongside empty beer bottles next to a toilet bowl. Pic by Shutterstock

IBM union: OK guys, you've beaten us down, we give in

The sole unionised outpost trying to give a voice to IBM workers Stateside has frozen campaigns, citing sustained job cuts and a resulting drop in membership as the reasons. Alliance@IBM was set up in 1999 to organise protests against redundancies as Big Blue started to move more roles, particularly in manufacturing and …
Paul Kunert, 06 Jan 2016
Toshiba

Toshiba denies NAND exit report with 'no decision made' comment

Giant Japanese conglomerate Toshiba, currently restructuring in the wake of a huge accounting scandal, has denied media reports that it intends to pursue a flash foundry spin-off. The Japan Times has reported (citing sources) that the flash foundry business could be set up as a separate subsidiary owning the Yokkaichi plant in …
Chris Mellor, 21 Dec 2015

Samsung shoves IT arm into connected cars, hires new hands

South Korean conglomerate Samsung is setting up new organisations including a car tech component team, and rejigging some of the leadership as the company prepares for winter in tech land. The annual structural re-org this time around is to “pre-emptively respond to business uncertainties”, the company stated. The fundamental …
Paul Kunert, 10 Dec 2015
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Mincing Nokia's factories made Microsoft a sausage factory

Microsoft's revealed that gutting Nokia has made a dent in its diversity data. Redmond's new Global Diversity & Inclusion update says “... primarily due to the restructuring of our phone hardware business – we experienced an overall decline in the percentage of women working at Microsoft worldwide, from 29 percent (Sept. 30, …
Simon Sharwood, 25 Nov 2015
Skip full of rubbish outside an office building. Photo via SHUTTERSTOCK

Deutsche Bank's creaking IT systems nervously eyeing bins

Deutsche Bank is the latest financial institution to announce plans to rip out its creaking IT, according to reports. According to the Financial Times, John Cryan, the new boss of Deutsche Bank, is determined to overhaul the creaking computer systems that he blames for its woes. It follows a major management restructure last …
Kat Hall, 27 Oct 2015

CSC in US$300m Australian services slurp

CSC is going shopping in Australia, dangling a cheque for AU$428m (US$305m, £200m) to the shareholders of services company UXC. UXC is a group of enterprise services companies that has grown by acquisition. Component companies offer services such as application integration, delivery and operation of enterprise infrastructure …
Simon Sharwood, 07 Oct 2015

Safe harbour ruling: RELAX, Facebook and Google will be FINE!

The European Court of Justice’s decision to rule the EU-US safe harbour agreement invalid is causing panic among some companies dependent on keeping data flows going ... but Google and Facebook are probably prepared for it. Much to the satisfaction of those who have long condemned US data collection policies, the landmark …
Jennifer Baker, 06 Oct 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Acer: We're not laying off staff, just shifting 'em out of the PC biz

Acer is not reacting to the downturn in PC spending by cutting heads – not yet anyway – but it is planning a restructure. The company confirmed it is in the process of transferring people to the Bring Your Own Cloud wing, which develops a suite of apps for consumers. The revamp will be felt only in Taiwan at this stage. In …
Paul Kunert, 30 Sep 2015

Relax Schrems, EU-US Safe Harbour ruling coming soon

Next Tuesday, Europe’s top court will decide whether the much-discussed and sometimes controversial EU-US data sharing deal provides enough privacy protection for citizens. Less than two weeks after the opinion of the European Court of Justice's Advocate General (AG), Yves Bot, became public, the body will rule on the Max …
Jennifer Baker, 30 Sep 2015
Toshiba MQ03ABB300

Is Toshiba mulling asset sales? HDD, TV businesses in the frame

Comment Toshiba is in trouble and could be about to exit the PC and disk drive businesses. The company is still suffering badly from a massive accounting scam, which overstated profits for seven years, and it has just reported a lousy quarter with losses of $91m. Masashi Muromachi became Toshiba’s new president (chief executive) in …
Chris Mellor, 14 Sep 2015
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Danwood CEO Francis exits stage left

The CEO brought in by Danwood’s backers to extinguish the financial flames that resulted from half a decade of systemic mismanagement and dodgy bookkeeping practises, has exited. Steve Francis, the self-proclaimed serial turnaround expert has left the building in far better shape than he found it in October 2012 when the print …
Paul Kunert, 01 Sep 2015
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Channel vets eyeing up investments from atop mount cash

Channel merchant bank MXC Capital is sitting on a pile of cash and finance facilities that will be used to grab minority stakes in managed services outfits, software players and FinTech start-ups. The London Stock Exchange-listed buy and build vehicle founded by industry vets Ian Smith and Tony Weaver yesterday acquired …
Paul Kunert, 26 Aug 2015

Lenovo exec: Yes we can get IBM's server biz out of the crapper

Interview Lenovo Europe president Eric Cador is banking on a major overhaul of its enterprise supply chain – among other things – to help the x86 business it acquired from IBM “recover” lost ground. In the UK alone, IBM’s revenue share slumped to $31m by Q4 ’14 from $61m in the prior year’s quarter, caused by the uncertainty surrounding …
Paul Kunert, 24 Aug 2015

Larry Page was held back by Google execs from flooding world with new dot-word domains

Google's new mom, Alphabet, has sent the domain name world into a frenzy following its decision to set up home at the online address abc.xyz. But behind the decision lies a deeper truth: Larry Page, as Google CEO, wanted his search giant to go big on new dot-word domain names – like .book or .computer – but was stymied by …
Kieren McCarthy, 13 Aug 2015
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Lenovo CEO: We will axe 3,200 workers as our profits shrink to nowt

There’s no room for sentiment or emotion in business, as Lenovo showed today when it reported an 80 per cent crash in pre-tax profits and plans to axe 3,200 jobs across the group. Revenues for the three months ended 30 June grew three per cent, excluding the impact of for-ex conversions to $10.7bn – but the firm saw a 47 per …
Paul Kunert, 13 Aug 2015
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Toshiba CEO and execs quit over $1.2bn six-year accounting scandal

Toshiba CEO Hisao Tanaka and seven other bigwigs have quit after a probe concluded profit figures had been inflated beyond their real values. The Japanese electronics giant said in a brief statement [PDF] today that $1.2bn (£770m, 151.8bn yen) was incorrectly added to Toshiba's income-before-tax figures in the 2008 to 2014 …
Shaun Nichols, 21 Jul 2015
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HP: We aren't going to ship any products early next month

Hewlett-Packard will not ship any products during the first week of August as the organisation splits into two operational entities. The tech biz doesn’t legally separate until its new financial year from 1 November, but will function as two standalone firms from next month – PC and print in one, and everything else in the …
Paul Kunert, 09 Jul 2015
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SCC: Look at our bulging figure(s). We're fatter than some MSPs

Classic product reselling at privately-owned Midland tech dynasty SCC’s UK biz has crashed by a fifth but the company execs are still smiling. Why? The shift to services is paying off. Revenues generated in Britain for fiscal ’15, ended 31 March, dropped 13.3 per cent on fiscal '14 to £662m – including a full-year’s …
Paul Kunert, 25 Jun 2015

Told ya! Coms flogs telco arm to Timico in £2.5m deal

Hard-pressed B2B communications provider Coms Plc confirmed this morning it is to offload the telco arm to Timico for an initial cash splurge of £2.5m. As exclusively revealed by us late last month, the London-listed business hired Knight Corporate Finance to manage a fire sale of the division following a failed restructuring …
Paul Kunert, 26 May 2015
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HP looks set to ditch 3Com-spawn H3C Tech

H3C, a networking business that started life as a joint venture between 3Com and Huawei but is now owned by HP, is to become a majority-owned subsidiary of the state-controlled Tsinghua Unigroup. A remnant of what was once a titan of the networking business, H3C Tech was created in 2003. It was originally a badge-engineering …
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Extreme Networks restructures again, promises SDN pivot

The indifferent revenue growth and ongoing losses announced earlier this month are having the usual effect on vendor Extreme Networks: it's announced a restructure. On May 6 the sixth CEO to pass through Extreme's C-level rotating door in nine years, Ed Meyercord, called the latest quarter's results “disappointing”, a pretty …