How's The Streamlining Going?
EMC in January began an aggressive $850 million cost-cutting program that includes an undetermined number of layoffs, and the divestiture of some assets. The cuts were a way for the company to respond to challenges in the market and regain investor confidence amid negative earnings. Right away, the company made a significant number of cuts from its marketing department, as well as positions from manufacturing and operations. Look for an update on how big of an impact the cost-cutting efforts have had, and how much they've cost the company.