EMC, VMware, IBM, etc.: Here Come 333,000 Layoffs in Tech, Opines Global Equities Options

ncdit Posts: 189 Points: 1098
Posted: Wednesday, January 27, 2016 7:44:13 PM

Boutique research house Global Equities Research’s Trip Chowdhry today opines that layoffs in the mainstream of tech companies are primed to become much worse than expected: He predicts there will be at least 333,000 layoffs in the next twelve months, in part because of developments such as cloud computing.

Chowdhry offers the following tally of what he thinks layoffs will look like:

  • EMC: Total Employees: 70,000: Between 15% to 20% layoffs = between 10,000 and 14,000
  • VMWare: Total Employees:17,000: Between 10% and 15% layoffs = between 1,700 and 2,500
  • HP Enterprise (HPE): Total Employees 240,000: about 30% layoffs = about 72,000
  • HP Inc (HPQ): Total Employees 287,000: about 30% layoffs = about 86,000
  • IBM (IBM): Total Employees 379,000: about 25% layoffs = about 95,000
  • Cisco (CSCO): Total Employees 72,000: about 20% layoffs = about 14,000
  • Juniper (JNPR): Total Employees 8,800: about 15% layoffs = about 1,300
  • Oracle (ORCL): Total Employees 132,000: about 20% layoffs = about 26,000
  • Microsoft (MSFT): Total Employees 118,000: about 15% layoffs = about 18,000 (Microsoft is letting go about 200 to 250 people every week, and none of these are ever announced)
  • Network Appliance (NTAP): Total Employees: 12,800: about 15% layoffs= about 1,800
  • Symantec (SYMC): Total Employees: 19,000: about 15% layoffs = about 2,800
  • F5 Networks (FFIV):Total Employees: 4,500: about 10% layoffs = about 450
  • Yahoo (YHOO): Total Employees 12,500: about 30% layoffs = about 3,500
  • Yelp (YELP): Total Employees 3,671: about 30% layoffs = about 1,000
 
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