VIR­TU­AL­IZA­TION COM­PANY VMWARE STARTS CUT­TING 800 JOBS, IN­CLUD­ING IN COLORADO

The Denver Post - - BUSINESS - By Ta­mara Chuang

VMware Inc., a Palo Alto, Calif., vir­tu­al­iza­tion firm with of­fices in Broom­field and Colorado Springs, be­gan cut­ting 800 jobs this week. An un­spec­i­fied num­ber of jobs were in Colorado.

“We have not an­nounced the num­ber of po­si­tions that have been elim­i­nated for spe­cific lo­ca­tions of busi­ness units,” Michael Thacker, a com­pany spokesman, said in an e- mail. “I can con­firm we have not an­nounced any of­fice clo­sures in Colorado.”

Ac­cord­ing to the city of Broom­field, VMware is among its top em­ploy­ers, with 158 work­ers.

VMware rose to fame be­cause of its vir­tu­al­iza­tion soft­ware, which al­lowed, for ex­am­ple, busi­nesses to ac­cess the Win­dows op­er­at­ing sys­tem on aMac com­puter.

It ex­panded in the Den­ver area in 2008, leas­ing 50,000 square feet of of­fice space at the In­ter­locken Busi­ness Park. At the time, it planned to add 300 jobs.

VMware, whose par­ent EMC Corp. is be­ing ac­quired by Dell Inc. for $ 67 bil­lion, an­nounced the job cuts dur­ing its fourth- quar­ter earn­ings re­port Tues­day.

VMware will take a $ 55 mil­lion to $ 65 mil­lion charge be­cause of the lay­offs and will “rein­vest the as­so­ci­ated sav­ings in field, tech­ni­cal and sup­port re­sources as­so­ci­ated with growth prod­ucts.”

The com­pany em­ployed 18,000 peo­ple world­wide at the end of 2014, ac­cord­ing to its an­nual re­port.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.