By the first quarter of 2025, Ingram Micro will trim its workforce by 850 roles. The information technology firm is attempting to restructure in order to improve its efficiency and customer service.
The impacted employees will be given appropriate support in line with company policy and the standard practice. The details, however, are yet to be officially known.
Ingram is just one of the many firms in the IT sector that are embracing measures to reduce costs amidst the uncertain global economic environment.
Paul Bay, CEO, Ingram Micro, has reportedly officially informed employees of the plan to trim the workforce via a letter. Bay has explained to the employees in the letter that the 850 job cuts are part of a restructuring exercise which will be completed over the next three months.
As part of the restructuring, the digital and information technology teams of Ingram Micro will be integrated to save costs and do away with redundant tasks and roles. In other words, the firm’s shared-services model will give way to an exception-based model.
Ingram Micro posts an annual revenue of about $47.7 billion. Its present market capitalisation is reportedly $5.6 billion, The cuts are expected to facilitate the company’s growth in the long term and ensure sustainability. Ingram Micro’s digital distribution experience platform, Ingram Micro Xvantage offers technology providers advanced technology to transform business potential, discover new opportunities and reshape customer perception.
