Tuesday, March 12, 2013

VMware restructuring will reduce workforce


  • VMware restructuring will reduce workforce by 7%
    VMware plans to cut 7% of its workforce, about 900 positions, in a restructuring, and it's taking a cautious view amid a drop in federal IT contract work. The company reported higher profits for the fourth quarter, but its revenue projections for 2013 were seen as conservative. "Generally speaking, we saw weakness across the U.S. as a whole," Chief Operating Officer Carl Eschenbach said of the 2013 forecast.

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