Layoff Date:

March 22, 2021

Laid Off Employees:

Laid Off Percent:

Source: Channel e2e
The Synnex-Tech Data merger will seek to deliver $200 million in annual cost savings, but an FAQ document from Synnex executive management to employees downplays the risk of potential layoffs. Instead, the cost savings will mostly involve ERP (enterprise resource planning) and e-commerce synergies, the FAQ indicates. In an area of the FAQ asking if Synnex positions will be impacted, the written Synnex confirms some duplication of talent but doesn't address if or how the duplication will be addressed. Instead, the bigger emphasis is on cost savings through software automation.
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