NCR To Lay Off 1,500 Workers - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

NCR To Lay Off 1,500 Workers

NCR said yesterday that it is taking steps to exit thecomputer hardware business and will focus instead on its data warehousing, automated teller machine, and retail store automation system businesses. The company said it will lay off some 1,500 workers as it restructures its hardware-based Channel Delivery Solutions business.

NCR will take a $200 million to $250 million charge in its current quarter ending Dec. 31 to cover costs associated with employee separation, facility consolidation, customer obligations, and other expenses. The vendor expects to realize annual savings of some $75 million through the move.

Last week NCR reported that worldwide revenues in its third quarter ended Sept. 30 were down 2%, largely because of declining sales of commodity computer hardware. In contrast, the vendor reported sales gains in ATM and retail store systems, though data warehousing software sales were down because of what the company described as "weakness" in the financial industry.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2021 State of ITOps and SecOps Report
2021 State of ITOps and SecOps Report
This new report from InformationWeek explores what we've learned over the past year, critical trends around ITOps and SecOps, and where leaders are focusing their time and efforts to support a growing digital economy. Download it today!
InformationWeek Is Getting an Upgrade!

Find out more about our plans to improve the look, functionality, and performance of the InformationWeek site in the coming months.

News
Remote Work Tops SF, NYC for Most High-Paying Job Openings
Jessica Davis, Senior Editor, Enterprise Apps,  7/20/2021
Slideshows
Blockchain Gets Real Across Industries
Lisa Morgan, Freelance Writer,  7/22/2021
Commentary
Seeking a Competitive Edge vs. Chasing Savings in the Cloud
Joao-Pierre S. Ruth, Senior Writer,  7/19/2021
Register for InformationWeek Newsletters
Video
Current Issue
Monitoring Critical Cloud Workloads Report
In this report, our experts will discuss how to advance your ability to monitor critical workloads as they move about the various cloud platforms in your company.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll