Articles about restructure

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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 …
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IBM: We've got the shiny new kit. Now we need to polish the sales teams

IBM has finally gone public with some details of the company-wide restructure it initiated months ago to help stop the rot. As exclusively revealed in January, Big Blue struck off the old world silos of hardware, software and services, instead opting to go to market with units including Systems, GTS, Commerce, Security and …
Paul Kunert, 21 Apr 2015
IBM CEO Ginni Rometty

IBM to open up on global re-org TONIGHT - sources

Execs at IBM are expected to go open kimono tonight about the company-wide re-organisation dreamt up by harassed CEO Ginni Rometty, according to company insiders and channel partners. Just as some of us in Blighty will be getting ready for bed or – god forbid – watching Celebrity Big Brother, Armonk-based IBM will be lifting …
Paul Kunert, 20 Jan 2015
IBM CEO Ginni Rometty

IBM ushers in BIGGEST EVER re-org for the cloud era, say insiders

IBM CEO Ginni Rometty is instigating the biggest global re-org in the history of the corporation in a bid to carve out a clearer future in a cloudy world. Multiple sources told us senior managers were this week informed about the changes that will see IBM try to shed the dusty hardware, software and services silo structure. …
Paul Kunert, 9 Jan 2015
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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
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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
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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

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

Bags are packed: A Symantec boss is coming to town near you

The shake-up at Symantec will see EMEA boss John Brigden move back to the US to be replaced by veep for Northern Europe Matt Ellard, The Channel can reveal. Brigden was senior veep at Veritas and retained the same position when it was acquired by Symantec back in 2005. A year later he was made senior veep for EMEA. Sources …
Paul Kunert, 30 Jan 2013

Latest Symantec CEO's 'revolution' could axe 1,000 jobs

Symantec's latest CEO plans a "revolution" to create a 4.0 version of the firm by slashing bureaucracy, shaking up its portfolio, renewing a direct sales push in the enterprise, and cutting staffers. An insider told Bloomberg that the reorganisation could impact up to 1,000 employees. The plan was formed by Steve Bennett, who …
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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, 1 Oct 2012
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TomTom axes 10% of workforce

Sat-nav maker TomTom is axing 10 per cent of the workforce and reorganising the R&D budget to speed up the time it takes to get products to market. The move is part of a restructuring programme designed to slash costs by some €50m and counter a 23 per cent slowdown in consumer sales reported in Q3. "We will reduce the number …
Paul Kunert, 8 Dec 2011
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Azlan inserts temporary head at HP biz unit

Azlan has made John Ward the caretaker of its HP business unit as a search for a permanent head continues. The enterprise distribution arm of Basingstoke-based Computer 2000 went through a restructure some weeks ago and parted with some senior heads including Mark Walker, director of the converged infrastructure unit. The …
Paul Kunert, 2 Dec 2011
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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
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Nortel confirms fire sale

Nortel is well-advanced in the process of splitting itself into self-supporting business units which could be sold off separately, if the firm cannot find a buyer for its whole business. The 100-year old Canadian communications company went into Chapter 11 bankruptcy protection in January. Since then it has split its business …
John Oates, 12 May 2009
Morse

Morse suffers blip amid economic turbulence

The economic downturn has hit Morse Plc with a vengeance, the service provider's full year figures show today. In what the firm admitted was a “disappointing year”, revenues slipped 1.25 per cent to £253.3m in the year ending June 30. However, after last year’s pre-tax profit of £3.8m, the firm sank to a £2.3m loss in the …
Joe Fay, 9 Sep 2008
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Logica profits plunge

Restructuring charges battered Logica's first half profits despite first half revenues growing by six per cent, figures released today show. But the services vendor has shrugged off the bottom line slump and raised its prediction for full year revenues. For the six months ended 30 June 2008 revenues were £1.8bn compared to £1 …
John Oates, 14 Aug 2008
The Register breaking news

STMicro boss admits: 'We need to do more pruning'

STMicroelectronics NV plans to close or sell another 10 to 15 per cent of its operations as Europe’s largest chip maker attempts to cut costs up against a strong euro. CEO Carlo Bozotti told the Financial Times that the massive restructure that STMicro has undertaken over the past year was not enough. "We need to do more …
Kelly Fiveash, 29 May 2008

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