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Articles about Restructure

management management3

Fujitsu restructure shunts Brit boss Tait into top EMEIA role

Fujitsu has thrust UK veep Duncan Tait into the top role in EMEIA amid a global re-org that has led to nine high level resignations. The International Business (IB) organisation will be dissolved from 1 April and existing sales and service delivery functions will be folded into the new regional structure. The group will be …
Paul Kunert, 13 Mar 2014
flames_fire_destruction

Phoenix restructure sends profits down in flames

Phoenix IT Group saw its wings decisively clipped over the last year, as a wide-ranging restructure battered profits and helped knock sales off-course in an already tough market. The services group insisted it was confident it will see revenue growth over the current year, but remained “cautious” about its likely performance in …
Joe Fay, 28 May 2012

Microsoft to extend D-day for incentive reforms, say partners

The word on the street is that a backlash from Microsoft's top tier enterprise partners has forced its incentive architects to revisit pending compensation reforms a month before they are due to be implemented. As revealed by El Chan in mid-summer, Redmond has again decided, not long after the last restructure in autumn 2011, to …
Paul Kunert, 04 Sep 2013
Gone fishing

HP goes fishing for a UK storage boss, hooks HDS sales director

HP has raided Hitachi Data Systems UK and snapped up director Nick Venables to run its local storage division, following a recent shake-up of the team. Warren Duke, the former head of storage at HP, was made channel boss of the business unit at the start of this month, among numerous other changes within the Enterprise Group. …
Paul Kunert, 15 Nov 2013

Symantec scratches head over balance sheet, calls in JPMorgan

Reports say Symantec, struggling to reverse a revenue slowdown, has called in JPMorgan Chase & Co. to look at its options and help fend off activist shareholders. Symantec is a $6.7bn/year revenue company that is struggling to lift its earnings. The last quarterly report made that abundantly clear. It fired its CEO Steve …
Chris Mellor, 07 Apr 2014

Ingram Micro veteran returns to... Ingram Micro

Distribution veteran Bhavesh Patel has re-joined Ingram Micro (IM) as exec director of global business development for the Mobility side of the house. Patel took leave from the broadline tech distie in spring 2009 to hook up with his former IM UK boss Meine Oldersma at comms wholesaler 2020 Mobile Group. But 2020 was acquired …
Paul Kunert, 04 Mar 2014
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Morse sees profits return after restructure

Morse predicted a continuing "very challenging trading environement" as it unveiled a turnaround in profits in its first quarter this morning. The IT services group turned in total revenues of £47.1m for the quarter ending September 30, compared to £55.8m last year. But operating profit was £1.9m, compared to a loss of £500,000 …
Joe Fay, 15 Oct 2009
For Sale sign detail

Acer restructure continues as another honcho heads out

Restructuring at Acer continues with another high level director exiting the business in the wake of its inventory woes and declining sales. The firm parted with CEO Gianfranco Lanci in March and then began initiating an operational re-jig during the summer, creating three divisions: consumer, professional and Touch. Among the …
Paul Kunert, 15 Sep 2011
channel

HP pencils in radical restructure

HP is considering restructuring its business to more closely ally printers and PCs. The move sounds very like what Carly Fiorina did in 2005. Although then it was the printer unit which was seen as the stronger partner. At the time there was much talk that HP might split itself into at least three divisions, or even separate …
John Oates, 30 Sep 2009
management social5

Fujitsu on hunt for UK directors after re-jig

Fujitsu is in headhunting mode to fill some senior positions in the UK following a revamp of the company structure, El Chan can reveal. The local big boss Duncan Tate is moving to head up the EMEA and India regions but will continue to look after Blighty until a successor is found, the company confirmed. "We still have the UK …
Paul Kunert, 03 Apr 2014

Symantec appoints new EMEA veep for partners

Symantec has elevated channel veteran Mark Nutt to head up partner management across the EMEA region as it concludes its sweeping restructure which included the shedding of nearly 2,000 jobs. The big changes are done and dusted, but the creaking security and storage firm refused to reveal what proportion of the 1,700 heads that …
Paul Kunert, 25 Sep 2013
management strategy4

Toshiba upheaval continues as firm scraps EU country managers

Executive veep for Toshiba's European PC and TV biz Andy Bass has split after 24 years' service following another major restructure. Back in the spring of 2011, Toshiba stitched together its computing and TV businesses in a bid to make some cost savings, but the move didn't quite work out. "We lost that crispness, that focus …
Paul Kunert, 31 Jan 2014

Ingram chief on $100m SLASH FEST: 'It doesn't take a genius' to see IT market's changing

Lumbering tech distributor Ingram Micro is banking on the biggest restructure in its European history to make the biz leaner and meaner, regional president Gerhard Schultz has revealed. Details of the global transformation plan designed to slash annual overheads by $100m a year are emerging, and as revealed yesterday will …
Paul Kunert, 28 Feb 2014
management management3

Enormo reseller SCC rejgs exec chairs for growth spurt

Specialist Computer Centres (SCC) has initiated a restructure to spearhead a four-year growth plan, say our sources in vendor land. This follows a review by external consultants who were drafted in to help create the multi-year business plan, with more highly paid biz advisors believed to be coming in to help implement plans. …
Paul Kunert, 21 Jan 2014
iconia W3 acer

Acer suffers terrible let-down after unexpected withdrawal of Wang

Shares of Acer fell by their daily limit in Taiwan after the company announced that chief exec JT Wang was abandoning ship and it was going to cut seven per cent of its staff to try to save some money. Acer stocks opened the session already down 6.9 per cent, the maximum they are allowed to fall in any one trading session, to T$ …

Hitachi Data Systems hands out P45s ... to EXECUTIVES

Cost-cutting Hitachi Data Systems has put a couple of senior execs on notice of redundancy, including UK and Ireland channel bigwig Neill Burton and veep for emerging markets Russell Hill. Staff were told about the potential redundancies yesterday, and promptly leaked it to The Channel. "The company has got to find further cost …
Paul Kunert, 28 Feb 2014
box_shifting_channel

Sales dive at UK's oldest tech wholesaler: PC crash splashes Northamber in red

UK wholesaler Northamber swung to a dramatic loss in fiscal '13 caused by a costly restructure, sliding commodity product sales and eroding margins. The Surrey-based distie – Blighty's oldest tech wholesaler – today reported an operating loss of £1.15m for the year to 30 June, compared to a profit of £97,000 in the previous 12 …
Paul Kunert, 08 Oct 2013
Bloodbath!

Private pain: Dell layoff bloodbath to hit over 15,000 staffers – insiders

Two sources have told us Dell is starting the expected huge layoff programme this week, claiming numbers will be north of 15,000.* The company is returning to private ownership to restructure its operations in the wake of a falling PC market, a commoditisation of the server market and a perceived need to better serve enterprises …
Chris Mellor, 03 Feb 2014

Brit education tech supplier comes back to life after collapse

The company formerly known as Tribune Business Systems is about to be reanimated after Dubai-based investment firm VMS bought it out of administration in a classic pre-pack arrangement. As revealed this week, the London-based education supplier called in receivers FRP Advisory after failing to secure additional investment. All …
Paul Kunert, 07 Mar 2014

Misco set to snap up Phoenix's network ops centre AND its staff

Phoenix IT Group is set to offload its network operations centre in High Wycombe to Misco, TUPEing across six staff in the process. The lease on the building is expected to be assumed by direct marketing reseller Misco, which, under the guidance of former Dell exec Pim Dale, is trying to rely less on tin shifting by building a …
Paul Kunert, 14 Feb 2014
OCZ Vertex 4 256GB SSD

OCZ goes titsup, flogs own corpse to Toshiba

Solid state disk maker OCZ Technology Group has gone titsup and filed for bankruptcy. The company has been in a mess for years, having recently 'fessed up to all manner of balance sheet borkedness and corrected its last four years' worth of financial emissions. Other efforts to right the ship included a big restructure that now …
Simon Sharwood, 28 Nov 2013

Alca-Lu posts loss, share price rises

The combination of American growth, continuing staff cuts and an ongoing restructure last week delivered a narrowing quarterly loss for Alcatel-Lucent. On sales of €3.67 billion ($US5 billion), the vendor turned in a not-catastrophic net loss of €200 million ($US275 million), weighed down by €335 million ($US461 million) in …

Lenovo chops up biz groups after gobbling IBM x86 servers

Enterprise tech wannabe Lenovo has carved its business into four divisions just a week after it coughed $2.3bn for IBM's x86 server biz, a deal which is awaiting approval from regulators. The Chinese firm created PC, Mobile, and Enterprise Groups as well as the slightly bizarrely named Ecosystem and Cloud Services unit, it …
Paul Kunert, 29 Jan 2014
management management

Son of Stan made president of Acer's cloud and notebook biz

Stan Shih, the man who founded Acer and returned late last year to stem the losses and rebuild the organisation has elevated his eldest son to overlord of slabs and cloudy wares. A company spokesman confirmed that as part of a wider management re-shuffle, Maverick Shih (for it is he) is now president of the Build Your Own Cloud …
Paul Kunert, 28 Jan 2014

Axe falls: Virgin Media plans to kill 600 management jobs

Virgin Media is shedding up to 600 management jobs in the wake of Liberty Global's takeover of the British telco. The Register understands that the cost-cutting restructure is intended to help the company focus on growth. A source close to the situation told us that, in the coming months, most of the other UK-based positions – …
Kelly Fiveash, 20 Sep 2013
globalisation

SGI to restructure (again) after fiscal Q2 loss

It is becoming more apparent why supercomputer and server maker Silicon Graphics' former president and CEO Mark Barrenechea decided to exit stage left back in December. While the company was growing gear sales, it was heading deeper into the red ink as old machines came off maintenance and new machines await their ramps this …
paper cut-out men holding hands in linked semi-circle

Capita: We WILL be more accountable for our services

A restructure at Capita IT Services is long overdue - well it has been eight whole months since the last one - so the healing mitts of MD Peter Hands have once again grasped the org chart for a rejig. Hands has created five ITS "services towers" under which Capita's wider business units will fall, to give the heads of each …
Paul Kunert, 21 Nov 2013
frustration_anger_irritation_annoyance pain

Sony set to axe 5,000 workers worldwide as it flings PC biz overboard

Stumbling consumer electronics giant Sony has confirmed it will axe 5,000 workers worldwide and offload its loss-making PC business to private equity firm Japan Industrial Partners (JIP). The ailing Japanese corporate revealed the restructure as it forecast a ¥110bn loss (£665m) for the current financial year ending March …
Paul Kunert, 06 Feb 2014
axe_channel_teaser

AOL boss: Soz about that 'Abel, you're fired!' Patch showdown

AOL boss Tim Armstrong has apologised for publicly humiliating the ailing company's former hyperlocal network creative director, after he sacked the exec during a tense conference call with employees about the fate of local news platform Patch. The whole exchange was recorded, presumably by another disgruntled member of staff, …
Kelly Fiveash, 14 Aug 2013
channel

Verari Systems staff join alumni network amidst 'restructure'

Verari Systems is undergoing a "restructure" that has prompted speculation the boutique server maker has shut up shop and led workers to set up an alumni network. "Currently, we are working on a communication statement to release during our restructure," Mike LaPan, director of marketing and communications, explained in an email …

'Abel, you're fired!' Hear AOL supremo axe exec during conference call

AOL boss Tim Armstrong appears to have axed a senior exec on the spot for pointing a camera at him during a conference call with about 1,000 Patch website staff. While in the middle of threatening the troubled hyperlocal news network with redundancies, Armstrong suddenly turned to Patch's creative director Abel Lenz and let him …
Kelly Fiveash, 13 Aug 2013
Steve Ballmer

Microsoft's EAT-your-OWN-YOUNG management system AXED

Microsoft may soon be a much nicer place to work, thanks to the company's announcement that it's doing away with its infamous "stack ranking" employee performance reviews. In a company-wide email obtained by the Wall Street Journal, Lisa Brummel, executive VP of Redmond's human resources department, explained that managers will …
Neil McAllister, 12 Nov 2013

Scan Source lifts cover off 'disappointing' Euro numbers

Scan Source sucked down on some bitter tasting fiscal Q3 numbers last night with both its top and bottom lines taking a knock. Sales dropped 3.5 per cent to $683m in the quarter to 31 March and net profit fell to $14m from $14.8m in the same period a year ago. Business was driven by North America said Mike Baur, CEO, who …
Paul Kunert, 26 Apr 2013
cake

Ingram Micro's layer cake is about to get a bit flatter

Ingram Micro is toasting better trading conditions in Europe that helped it report record revenues for calendar '13 by sharpening the axe to "de-layer" and "align" the business and save up to $100m in overheads. The world's largest tech distributor filed numbers for Q4 with sales edging up four per cent to $11.8bn driven by …
Paul Kunert, 14 Feb 2014

Struggling Acer pulls out Wang too late, then calls Wong number

Acer CEO and chairman JT Wang has quit amid widening losses and a resulting company restructure that involves job cuts at the Taiwanese PC maker. The firm has also turned to its retired founder to help carve out a future. Wang succeeded Gianfranco Lanci at the top of Acer back in March 2011 as the company wrestled with …
Paul Kunert, 05 Nov 2013
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Layoffs at EMC's RSA security division

RSA, the security division of EMC, has confirmed plans to restructure its business, a move than means an unspecified number of long-term staffers will be shown the door. Details are scarce, for now, but RSA said that it plans to make new hires that will more than offset job losses by start of 2014. It wrote in an email: While …
John Leyden, 20 Sep 2013
channel_teaser_exit

Avnet waves farewell to John Toal ahead of Magirus gobble

Avnet Technology Solutions (TS) is starting to restructure ahead of its acquisition of Magirus with long serving director Sukh Rayat replacing John Toal at the top of the UK organisation. Distie veteran Toal, who was in charge of the operation for two years and four months, joined Avnet when it acquired Bell Microproducts in …
Paul Kunert, 01 Oct 2012
management BYOD5

BYOD for our staff? 'Career limiting' move, says Dell exec

Dell is fully behind the bring your own device (BYOD) trend, just not for its own employees. UK boss Tim Griffin said Dell has a raft of options for customers looking to accommodate staff who haul their own gear into the office but internally only offers its people BYOD on smartphones. "Our BYOD is really around the mobile, as …
Paul Kunert, 08 Aug 2013
steveballmersidey

Work with Microsoft's stuff for a living? Its reorg will mean NOTHING to you

Microsoft’s massive internal reorganisation has given the IT press plenty to think about over the last week. Is this Ballmer’s last throw of the dice? Can the Redmond giant better compete with Apple and Google with its new structure? Some pundits have even talked about the reorg as the moment where Microsoft finally self- …
Tim Ayling, 26 Jul 2013
The Register breaking news

Optus hangs up on 750 staff

Optus is slashing 750 positions over the next few months as part of a significant business restructure. Roles will be made redundant from senior and middle management in addition to operations, back office and support functions. It is unclear if the job cuts are on top of the 700 job cuts announced last March or are part of the …
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Optus to shed around 700 staff

Optus is poised to shed up to 700 jobs as part of a company wide restructure, according to reports. Optus officials confirmed that there would be job erosion but would not confirm the number, claiming the figure of 700 was “pure speculation.” "Over the past few months we have been undertaking a review of our business aimed at …

Phoenix IT Group blames former CEO and economy for woes

Phoenix IT Group chairman Peter Bertram fingered his former CEO and the fragile economic recovery as reasons why trade remains damp and profits have yet to rebound in a more meaningful way. At the half way stage of fiscal '14 for the six months to 30 September, the beleaguered LSE-listed firm reported a near six per cent decline …
Paul Kunert, 28 Nov 2013

Cash-strapped AMD drills for green gold in Lone Star State

Processor bakery AMD will sell off and lease back its offices in Austin, Texas, to raise $164m in much-needed cash. The chipmaker will sign a 12-year lease on the "Lone Star Campus", with an optional extension clause if the firm decides to stay on at the location. It's not the first time that AMD has shifted some real estate to …
The Register breaking news

iPhone-maker Foxconn not gonna save Sharp

iPhone-maker Hon Hai Precision Industry, better known as Foxconn, will not come to the rescue of floundering Japanese manufacturers Sharp, says Reuters. Sharp will have to look to itself to save its wilting electronics manufacturing business, says Reuters' unnamed source. Sharp had asked the Taiwanese bits-maker Hon Hai for a …
Anna Leach, 22 Feb 2013

Capita slurps crashed 2e2's ex-flack-in-chief to bolster sales

Troubled integrator-cum-reseller Capita IT Services (CITS) has hired fallen channel giant 2e2's former sales and marketing director. Ian Thomas rocks up at CITS today as sales boss in a move that was confirmed to staff by managing director Peter Hands. "Ian has a background in travel, telecoms and IT services and spent 14 years …
Paul Kunert, 08 Apr 2013

HP rolling out shiny rebates programmes and tools

HP is pushing through some radical changes to its PartnerOne channel programmes and tools in a tacit admission it needs to partner more predictably and consistently with the channel. Tech vendors have for time immemorial talked up the need to be easier to do business with, but this has proven difficult for most to nail and …
Paul Kunert, 20 Feb 2013
The Register breaking news

Sony chairman Howard Stringer set to retire, explore 'new world'

Sony chair and former CEO Howard Stringer is set to retire from the firm completely this June. The Welsh-born businessman already left his CEO seat last year after seven years on the job and will now leave the board entirely. Stringer spent 15 years at Sony after a three-decades-long stint at US broadcaster CBS and rose to …
Dell logo in crosshairs

Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 08 Aug 2013

AMD is 'transforming', will be profitable this quarter, says CEO Read

AMD has entered phase two of its "restructure, accelerate, and ultimately transform" realignment project, says company president and CEO Rory Read, who sees brighter days ahead. "With our restructuring complete, our focus in the second half of the year is on continuing to accelerate our business," Read told the analysts and …
Rik Myslewski, 19 Jul 2013
channel_teaser_exit

Sprosty leaps from Systemax TPG hot seat after 18 months

Systemax has confirmed that David Sprosty, CEO of its Technology Products Group, has left after less than 18 months in the hot seat. Sprosty was made CEO at the unit in October 2011 replacing disgraced former exec Gilbert Fiorentino, who the SEC latterly barred from ever serving again as a corporate officer or director in a …
Paul Kunert, 15 Feb 2013