KMD lays off 120
Competition and falling prices forcing IT company to cut costs, says boss
IT company KMD announced that they are cutting 120 positions. KMD head Eva Berneke said that the job cuts – necessary due to dropping prices and greater competition – will be scattered widely throughout the company.
"To be an attractive supplier in the market right now – and in the future – KMD must be competitive pricewise,” Berneke told Version2 in a comment.
This is the third round of firings in recent history for the company. There were two in 2013, the first costing around 100 jobs and the second trimming another 244.
“Losing skilled employees is hard,” Berneke said in a statement. “But, to be a major player that wins customers, we must ensure that KMD is a fundamentally sound business, and that requires keeping an eye on costs.”
Eva Berneke came to KMD from a position as Director of TDC Business and was appointed as KMD head in January.