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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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.