EMC plans layoffs in wake of weakened outlook
Storage giant EMC will soon start handing out pink slips as part of a new restructuring effort prompted by a weakened financial outlook.
Though it didn't specify how many staffers will be laid off, EMC said on Thursday that most of the job cuts will be made by the end of the first quarter, with the remainder completed by year's end.
"The company will place priority on shifting impacted individuals to faster-growing areas of the business," said company spokeswoman Katryn McGaughey. EMC still expects to end 2015 with more employees than it had at the beginning, she added. The plan is expected to cost EMC between $130 million and $150 million.
