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Tuesday, May 7
EMC (EMC -0.4%) and VMware (VMW -0.5%) plan to cut 1,800 jobs in a restructuring expected to be...
EMC (EMC -0.4%) and VMware (VMW -0.5%) plan to cut 1,800 jobs in a restructuring expected to be finished this year, EMC discloses in its Q1 10-Q. EMC proper expects to cut 1,004 positions (yes, they're that precise), and VMware 800. In January, VMware said it planned to cut 900 jobs in a restructuring; recent asset sales might have lowered that figure. Also: Topeka's Brian White expects EMC to refresh its mid-range VNX storage line at this week's EMC World conference, as well as intro new technology for pooling storage and server resources. (EMC ViPR)