Ingram Micro to Lay Off 550, Move Jobs Overseas
Ingram Micro expects to save $10 million by year's end with a plan to cut 550 positions in North America and outsource the jobs overseas.Distributor Ingram Micro Inc. said Monday it is laying off 550 employees and outsourcing most of those positions overseas in a move to increase operating efficiencies and consolidate some business functions. The Santa Ana, Calif., company, the worlds largest IT distributor, released a statement that predicts the moves will produce savings of $10 million this year and ramp up to an annualized savings of $25 million by the first quarter of 2006. About 50 percent of the layoffs will be at company headquarters and the remaining from locations across North America, mostly the companys Buffalo, N.Y., and Canadian operations. Some marketing and finance functions will be consolidated, he said.
"This is not a reduction in the number of people we have touching customers," Keith Bradley, president of Ingram Micro North America, told ChannelInsider.com. "Were still committed to the exact same level of service and customer experience."