Businessland Inc. to Cut 200 Jobs in Restructuring
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SAN JOSE — Businessland Inc., a personal computer retailer, announced plans Thursday to cut about 200 jobs in a restructuring.
Businessland said it would make a one-time staff reduction of 5% to 7% of its 3,900 worldwide work force, meaning a loss of from 195 to 273 jobs.
The company said the cuts were due to recent acquisitions and streamlining through a multimillion-dollar investment in automating information systems and field distribution.
Businessland, which resells personal computers and workstations to a mostly corporate market, did not indicate where the jobs would be eliminated.
The San Jose-based company, which reported soft sales in its first quarter ended last Sept. 30, said the restructuring is targeted to take advantage of cost savings from new management information systems and ongoing consolidation of distribution operations.
Businessland, founded in 1982, reported sales last year of $1.2 billion. The company said sales growth remains strong, with revenue estimated at more than $370 million for the second quarter ended Dec. 31.
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