VMware to fire Israel employees too - Israel Business, Ynetnews

   Israel News

Israel News
World News
Israel Opinion
Israel Business
Israel Culture
Israel Travel

Number of workers expected to be sacked unclear (illustration) Photo: Shutterstock
Number of workers expected to be sacked unclear (illustration) Photo: Shutterstock

VMware to fire Israel employees too

American software company’s planned cutbacks expected to affect Israeli branch as well

Sagi Cohen
Published: 02.05.13, 06:51 / Israel Business

American software company VMware has announced its plan to cut 900 jobs worldwide – about 7% of its workforce.


Yedioth Ahronoth has learned that the move will also affect the company's Israeli branch, although the number of workers expected to be fired is unclear at this point.


Cutbacks All Over
GE planning wide-scale layoffs in Israel / Billie Frenkel
Corporation to fire about half of 500 employees in healthcare division's R&D centers in Israel, company worker tells Ynet. Management sources say only 10% of workforce to be dismissed
Full story
VMware, which purchased Israeli startup Wanova for some $100 million last year, employs about 200 workers in Israel in three R&D centers and a sales center in Herzliya, Netanya and Jerusalem, and provides cloud and virtualization software and services for organizations in a variety of industries.


The news on the expected cutbacks in VMware follow good quarterly reports, which presented a 22% rise in the company's income, but the 2013 forecasts were disappointing in light of expectations of a global economic slowdown.


Company executives said in an official statement that a reorganization plan will include the dismissal of 900 workers in areas of lesser importance, including products presenting slow growth.


At the same time, the company said it would recruit new workers and increase its manpower by 1,000 people in the coming year, likely in the areas it plans to focus on more.


VMware said in response, "We do not provide data beyond what has already been published, so we cannot comment on the situation in Israel."



commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us


RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions