Arris has confirmed that it plans to reduce its workforce by about 10% worldwide.
The set-top juggernaut will let about 800 employees go, in a restructuring that follows the company’s $2.1 billion merger with UK-based set-top and access network equipment maker Pace Plc. The merger added about 8,000 employees to the Arris roster.
“We are looking across the entire scope of the ARRIS enterprise to identify areas where we can find cost savings, eliminate redundancies, and increase shareholder value,” the company said in a statement to media. “With this in mind, we have a headcount reduction goal of about 10% worldwide. We understand how hard these changes will be for the employees concerned and are committed to helping them through this difficult transition.”
In its latest earnings report, Arris posted lower Q4 2015 revenues and issued softer-than-expected Q1 2016 guidance.
“We are looking across the entire scope of the ARRIS enterprise to identify areas where we can find cost savings, eliminate redundancies, and increase shareholder value,” the company said in a statement to media. “With this in mind, we have a headcount reduction goal of about 10% worldwide. We understand how hard these changes will be for the employees concerned and are committed to helping them through this difficult transition.”
In its latest earnings report, Arris posted lower Q4 2015 revenues and issued softer-than-expected Q1 2016 guidance.
