Data storage company EMC, which is being acquired by Dell in a $67 billion deal, will lay off a significant number of employees over the next several months.
The company reported in a securities filing last week that the cuts would result in EMC taking a $250 million charge, with cash payments associated with the layoffs amounting to $220 million. Most of the job cuts are expected to be completed by the end of the first quarter.
The company has not said how many jobs will be eliminated, or what offices will be affected.
EMC employs 1,600 people in North Carolina, the vast majority of which are based in the Triangle. The company operates a data center in Durham County, as well as a research facility in Research Triangle Park and a manufacturing plant in Apex.
The layoffs are a part of an earlier announced $850 million restructuring plan.
EMC, based in Hopkinton, Mass., makes data storage equipment and provides IT services to companies.
Dell’s acquisition of EMC is expected to close later this year.