According to a Friday night Fortune, server virtualization company based in Palo Alto prepares to cut 900 jobs, or 5 percent of its total workforce, as of next week. VMware reported fourth-quarter earnings on Tuesday.
The drama around VMware has little to do with the performance of the company and is more a result of the do-si-do financial play between Dell and storage giant EMC.
Dell decided last year to acquire EMC, which owns approximately 80 percent of social VMware for about $ 67 billion. Therefore, VMware has become something of a portfolio tracking, or pawn, depending on your point of view.
As Fortune explains: "Cynics have said that by purchasing EMC, VMware is Michael Dell at a bargain price, because the action of VMware shares of EMC exceeded then the thinking goes, it will turn around and sell beyond VMware gains a scenario. that has left the current shareholders of VMware feel misused. And so the growing perception that the stocks VMWare plans to continue as part of this case will not be enough just to do any shareholders. "
According to Fortune, VMware has been losing jobs, from "people high level of sales" in New York and some managers of global sales.
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