X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SAN DIEGO-Gateway Inc., one of the city’s largest private employers andone of the nation’s largest computer makers, announced it will lay offup to 5,000 people in an attempt to trim its expenses by $300 million ayear.

The 25% cut in its work force and closures of calls centers and officesin the United States, Asia and possibly Europe will cost the SanDiego-based company $457 million in special charges for the currentquarter.

The company says the changes will convert Gateway “from a traditionalmanufacturer of PCs to a leading provider of personalized technologysolutions.”

None of the 5,000 jobs lost will be in San Diego County or in itsGateway Country retail stores, according to the company. Most of thejobs are administrative and support positions.

Customer service and sales centers in Hampton, VA.; Vermillion, SD;Lake Forest, CA.; and Salt Lake City will be closed. Gateway said itwill close all of its company-owned operations in Malaysia, Singapore,Japan, Australia and New Zealand immediately.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt. NET LEASE Awards 2020Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.