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Ingram Micro to Reduce Headcount by 3.5%

Restructuring to cut 850 jobs

Irvine-based Ingram Micro Corp. (NYSE: INGM), the world’s largest distributor of computers and other technology, said it is undertaking a series of restructuring initiatives that will reduce its headcount by approximately 850 employees, or 3.5%, by the end of the first quarter.
“These changes aim to enhance organizational efficiency and strengthen customer service capabilities to better position the company for long-term, sustainable growth,” the company said in a statement.
The company, which has reported declining sales in the past two years, employs 24,000 worldwide. It has been restructuring for the past year, including laying off 503 in the first quarter.
The company on Nov. 12 reported third-quarter sales fell 1.4% to $11.8 billion.
Since the company went public at $22 a share on Oct. 24, they have risen 5.5% to $23.31 and a $5.5 billion market cap. After the layoff announcement, the shares were unchanged.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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