Feeds

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
Satya Nadella

Get ready for LAYOFFS: Nadella's coma-inducing memo, with subtitles

Microsoft CEO Satya Nadella has sent a six-page memo to the world warning of a company restructure at the end of the month. The open letter uses buzzwords and cliches to sugar-coat the news that he will tear up the Windows giant's approach to flogging devices and services. Instead, the biz will focus on building "productivity" …
Shaun Nichols, 10 Jul 2014
arrow pointing up

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
management management4

Security: Sweet brief for rare man Roche, new boss of Fujitsu TS

Fujitsu company veteran Tom Roche has grabbed the chieftain's chair at the Technology Solutions unit with a specific brief to boost security sales. The post became vacant last month when former boss Michael Keegan was made overlord of UK ops for Fujitsu, replacing Duncan Tait who was lifted to the head of the EMEIA organisation …
Paul Kunert, 18 Jun 2014
Fujitsu LifeBook P8020

Fujitsu fills top seat at UK and Ireland biz

Fujitsu’s technology products group lead Michael Keegan is moving up in the world, taking over as head of the UK and Ireland from Duncan Tait. The company said in March that UK veep Tait was being given the top role in EMEIA as it shuffled its global hierarchy in a reorganisation that led to the resignations of nine senior execs …

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
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

Azzurri exec set have a brand new CEO: Former BT bigster Chris Jagusz

Ailing integrator Azzurri Communications has charged former SSE Telecoms boss Chris Jagusz with revving up the stalling motor when he returns well oiled from a, er, "summer break". The start date for Jagusz was not specified by his new employer but he will take over from chairman Steve Andrews who is to become interim CEO from 8 …
Paul Kunert, 29 May 2014
Microsoft campus

Too many IT conferences to cover? MICROSOFT to the RESCUE!

Microsoft is kicking off a corporate overhaul with the introduction of new policies shrinking the number of corporate conventions and contracted workers. The company said in an email to partner firms that it would place an 18-month limit on the tenure of all contracted employees. Those who hit the limit will be asked to take six …
Shaun Nichols, 21 Jul 2014

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

Paragon Group consumes tits-up print house Service Point

Specialist print biz Paragon Group has acquired Service Point UK, saving the jobs of "more than" 400 staff less than a fortnight after it was placed into administration. Directors at loss-making Service Point, Michael Barton-Harvey and Clayton Lee, called in the receivers on 24 April, according to a filing at Companies House …
Paul Kunert, 06 May 2014

CEO of Brit biz Phoenix plans to 'ram-raid' old friend, new enemy Cisco

The boss at Brit services provider Phoenix IT Group wants to "ram raid" former vendor partner Cisco. The UK biz is currently bulking out its portfolio, with Chinese networking firm Huawei Enterprise the latest addition. In the autumnal months last year, Cisco wrote to 1,000 firms across EMEA telling them it was withdrawing …
Paul Kunert, 11 Jul 2014
management management4

Azzurri chairman steps into interim CEO role

Rather than leaving the firm leaderless when current Azzurri CEO Vim Vithaldas hotfoots it in June or asking the next boss to start his tenure by restructuring the biz, chairman Steve Andrews is to step into the role on an interim basis. "I am looking forward to both my time as interim CEO and to announcing my full time …
Paul Kunert, 20 May 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 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
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$ …
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

Optus buries nasty for NBN Co in its annual results

A strong – almost stunning – rate of 3G-to-4G conversion hasn't stopped Australia's number two mobile carrier Optus losing mobile customers to market leader Telstra, and only its rigorous cost-cutting has allowed the carrier to return a profit for FY 2013-2014. Although the carrier's 4G base shot up from 785,000 people in 2013 …

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

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
Photo of a vintage analog modem with an acoustic coupler

NBN Co pulls in new CTO, CFO

NBN Co, which has completed its executive makeover, with a new CTO and CFO, is embroiled in a revival of an old debate: whether “up to” descriptions of broadband speeds are permissible in consumer law. Fuelling conspiracy theories about the NBN is the appointment of News Limited veteran Stephen Rue as CFO, while far less …

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 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

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

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 …
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
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 …

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
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
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 …
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
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

'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

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
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
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
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
Job cuts jpeg

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
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
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 …
arrow pointing up

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 …