CDW layoffs a ‘really hard' decision
Although not specifying how many employees were recently laid off, CDW's CEO spoke about the "tough decision" to reduce its workforce that now stands at 15,300 workers.
"Our operating cost discipline is something that is evergreen. We are always focused on finding productivity and efficiencies. It's just how we operate," said Leahy.
"What we've done is really pull every lever we can pull to align our current cost structure with the demand that we're seeing.
!When I say every lever, I mean all the things you would imagine: discretionary spend, hiring, promotions, staffing, geographic locations, etc. And one of the decisions we had to make was to adjust our staffing to current demand environment," she said. "Now, look, these are really hard decisions."
CDW executives said cuts were made in areas where "demand" was soft and could continue to be soft for "a more prolonged period."
"We're pivoting to the future and focused really heavily on our customers. But you're right, it was a tough decision, but the right decision for the business and for the customers ultimately," said Leahy.
It is key to note that CDW's current headcount of 15,300 is up from the prior quarter due to the company's acquisition of Sirius Computer Solutions for $2.5bn.
