News

NCR to lay off 1,500 employees

November 19, 2002

DAYTON, Ohio -- NCR Corp. informed its employees on Nov. 19 that it will cut 1,500 positions globally, including 200 in Dayton, according to a report in the Dayton Business Journal.

Currently, NCR has 30,500 employees worldwide including its 3,000 Dayton workers.

The layoffs -- about 5 percent of the company's global work force -- will be "at all levels across the company" during the next six months, NCR spokesman John Hourigan told the Journal. Hourigan said the cuts are a streamlining effort and cover the whole company, including sales, human resources, finance and information technologies.

The company's stock has floundered in the last few weeks after the company met expectations in its last quarterly report, but said only its data warehousing unit, Teradata, posted revenue growth. (See related story ATM, retail automation revenues down in NCR's 3Q)

In October, Lars Nyberg, NCR chairman, chief executive officer and co-president, said a new focus on efficiency and sales would help boost the company's performance.