Jan, 2016 : Dell Acquisition Causing EMC Corporation to Cut Costs


📅 - EMC Corporation is expected to be acquired by Dell. They have put a plan in motion to downsize and start cutting costs before the acquisition.

EMC is headquartered in Hopkinton, Massachusetts and provides computer data storage solutions, virtualization, analytics security and cloud computing. They plan to reduce costs by nearly $900 million and will layoff many employees costing the company about $250 million in severance.

Most of the jobs will be lost in the beginning of 2016 with many other coming at the end of the year.
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Reads: 1128 | Category: General | Source: TheHN : The Hosting News

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