Layoffs in the channel continue

Some big names in the channel are continuing to lay off staff, citing cliches like economic headwinds.

Ingram Micro is believed to have fired 200-300 employees mostly in its management positions.

The company confirmed that it had made “some changes to the team” as a result of the “changing global and local market conditions.”

“We will continue to invest in developing our teams to adapt to market opportunities and provide the best experience to our channel partners.”

Ingram Micro, which has 27,000 employees and 1,500 vendor partners worldwide, generated $50.8bn in net sales in 2022 and operates in 61 countries, according to the company.

Ingram is just the latest tech company to implement layoffs.

On Monday, distribution competitor TD SYNNEX sent an internal memo to employees offering a voluntary severance program “to reduce our costs due to current macroeconomic conditions, including challenging industry trends.”