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
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Commentary
Six Inevitable Technologies and the Milestones They Unlock
Guest Commentary, Guest Commentary,  10/3/2019
Register for InformationWeek Newsletters
Video
Current Issue
Data Science and AI in the Fast Lane
This IT Trend Report will help you gain insight into how quickly and dramatically data science is influencing how enterprises are managed and where they will derive business success. Read the report today!
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