January 13, 2009

Borland to cut workforce by about 15 percent, CEO leaves, joins VMware

According to InfoWorld: “Borland Software’s CEO has resigned, taking a position at EMC’s VMware subsidiary. Tod Nielsen, who had served as Borland CEO since November 2005, has become the chief operating officer of VMware”.

“Borland, meanwhile, is undergoing a significant reorganization. It will reduce its workforce by about 15 percent, or 130 employees, most of whom will be dismissed by April, the application life cycle management tools company said in a statement. The company also announced its Section 16 officer Peter Morowski, senior vice president of research and development, will leave the company.”

January 7, 2009

EMC Will Reduce Work Force by 7 percent

Data-storage firm EMC Corp. (NYSE:EMC) will cut 2,400 positions (7% of its work force) as part of an effort to reduce costs by about $350 million in 2009 and $500 million in 2010.
The restructuring plan will streamline costs to its information infrastructure business and doesn’t include VMware Inc. VMware’s parent company, EMC, owns 85% of the company’s stock, according to WSJ

By rumors, the most job cuts are planned in the company’s IT sector

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