Tech Data to Cut 200 Jobs
Jun. 26, 2003
CLEARWATER, Fla. (AP) _ Tech Data Corp. has cut 200 more jobs, or 7 percent of its U.S. work force, with the brunt of the layoffs within the computer distributor's Clearwater headquarters.
Lawrence Hamilton, Tech Data's senior vice president of human resources, said Wednesday the layoffs are across the board in U.S. operations, from marketing to accounting to logistics, and from entry-level positions to senior management.
Hardest hit is Tech Data's program to train customers about emerging technology products. Hamilton said the company's eight training centers will be closed, including one in Clearwater, and the work will be outsourced to 200 ``training partners'' around the country.
The company's U.S. head count will be about 2,600 after Wednesday's cuts go into effect, down from 4,200 in early 2001. About two-thirds of that reduction was through attrition, with jobs vacated by retirements or resignations not filled. About 1,800 employees remain at the company's Clearwater campus.
The latest cuts come less than a month after Tech Data chief executive Steve Raymund warned of an unexpected drop in demand and cut the company's earning estimates for its fiscal second quarter. Raymund said the downturn, which is much more pronounced in the United States than Europe, was worsened by ``intensely competitive'' pricing for products.