Emulex to cut 110 jobs as part of new restructuring plan

Thursday 12 December 2013 | 09:39 CET | News
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Converged networking services provider Emulex will reduce its workforce by 10 percent, or 110 jobs, as part of a restructuring plan designed to streamline business operations and drive long-term shareholder value. The plan is part of the three-part transformation initiative announced last month to improve profitability, increase cash flow and enhance shareholder value. As it seeks to cut costs, Emulex will also consolidate some engineering activities and close its Bolton, Massachusetts engineering facility. Investment in market expansion initiatives will continue, resulting in a more

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Categories: Fixed
Companies: Emulex
Countries: World
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