VMWare To Cut 900 Jobs As Outlook Disappoints, But Will Still Pursue M&A

VMWare plans to cut about 900 jobs, or 7 percent of its workforce, as part of a restructuring. The company also issued cautious 2013 forecast, due to a decline in U.S. federal government bookings and continuing concerns about the sluggish economy in Europe. The company reported on-target fourth-quarter earnings and said it expects revenue of … Continue reading