Quantum restructure sees jobs go
Quantum restructure sees jobs go
Data storage vendor Quantum is to reduce its workforce by 110 employee and 20 contractor positions as part of a major reorganisation of its business groups and sales force.
The cuts will come about as a result of the company consolidating its two business groups – the DLTtape Group (DLTG) and the Storage Solutions Group (SSG) – into a single organisation with consolidated operations and three business units - Storage Devices, Media, and Storage Systems.
The company will also merge the DLTG and SSG sales organisations into one OEM sales force and one Quantum-branded sales force. Rick Belluzzo will continue in his role as Chairman and CEO, and John Gannon, who has been President of DLTG, will assume the position of president and COO for the company.
Beluzzo said the changes would enable the company develop by "combining our strengths across Quantum to serve customers even better, further reduce costs and provide greater opportunities for growth."
By integrating the two separate business groups, Quantum will eliminate duplicative functions, which it hopes will make it make it easier for customers, suppliers and other partners to do business with the company.
The company will be looking for a quick return from the restructuring, after recording a loss of US$38 million for Q2 2003 on revenues of US$195 million. The company has not returned a profit since Q3 of last year.
"Our strategy remains the same - to deliver highly reliable backup, archiving and recovery solutions that meet demanding requirements for data integrity and availability with superior price performance," added Belluzzo.
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