VMware Layoffs 2018: ‘Small Percentage’ of Staff Cuts at Virtualization Company
VMware has laid off a small percentage of employees, CNBC has confirmed. An exact figure was not disclosed. The company, likely many tech firms transitioning toward cloud services, pointed to a “rebalancing” of talent to address modern-day business needs.
The VMware staff cuts come even as CEO Pat Gelsinger has successfully pushed the company into newer markets like network virtualization (NSX) and storage virtualization (VSAN). The much-hyped VMware Cloud on AWS has also launched, though it’s only available in selected regions.
VMware announced stronger-than-expected quarterly earnings back in November 2017. At the time, quarterly revenues were roughly $20 million more than Wall Street expected, and profits easily outpaced expectations, according to SeekingAlpha.
VMware Layoff History
VMware previously cut about 800 employees — or about 5 percent of its workforce — just as the transition to NSX and vSAN revenues was starting in early 2016.
We’re checking to see if or how the latest targeted cuts potentially impact the company’s channel team. We’re also checking to see if/when VMware Partner Leadership Summit 2018 is scheduled. The broader VMworld 2018 conference is set for August in Las Vegas.