|
|
|
12 Nov 2008
Resell giant Insight Enterprises has heaped further misery on the channel after last night announcing plans to slash over 200 jobs.
The mail order specialist confirmed approximately 240 positions will be cut in its native US, equating to 8 per cent of its local workforce.
Insight said the reductions are necessary due to the “expectation of continued softness in the technology sector”.
Further reading
Rich Fennessy, chief executive at Insight, said: "This is a difficult action to take. However, given the continuing challenges in the technology sector, we feel these actions are necessary to reduce our cost structure and improve the affordability of our business model without affecting our ability to provide world-class technology solutions that help drive our clients' success.”
Insight said the cost-cutting actions, combined with a recent IT system upgrade, would shave $20m (£13m) from its North American operating expense bill in 2009.
The announcement comes a week after Insight revealed a 26 per cent year on year decline in net profit to $6.7m for its third quarter (channelweb, 7 November). Revenue increased by 5 per cent to $1.17bn.
Related articles
In this video find out about the fast-growing Chinese vendor's plans for market domination and how the channel is its route of choice
Find out what gifts Acer has in store for partners for 2012 in this exclusive roundup of its recent conference
CRN's premier networking event is back on 17 May at the Ricoh Arena
Date: Thu 17 May 2012
Channel fighters preparing to square up once more on 24 May
Date: Thu 24 May 2012
The proliferation of endpoint devices within the enterprise has highlighted the shortcomings of one of the traditional approaches to data security
This Forrester report compares the costs and benefits of legacy email and productivity software with Google Apps
Dave discovers that rozzers are seemingly living in the technology dark ages
Mark Needham, founder of distributor Widget, argues that John Browett leaves for Apple with Dixons in better shape than when he arrived
|
|
|
Do you agree?
Have your say