Middle-tier ERP provider J.D. Edwards said Monday it will cut its global workforce by 800 and has stepped back from its application hosting initiatives to focus on reinventing itself as an e-business.
The layoff, which will hit hardest its operations in Germany and Japan, is an effort by J.D. Edwards to get its costs in line with its revenues, said C. Edward McVaney, J.D. Edwards president, CEO, and chairman.
Saying "this was a very tough but very necessary decision", McVaney said that those idled by the layoffs would get outplacement training. The goal is for J.D. Edwards to become "more nimble and responsive to market changes", he said.
During the first six weeks of his return to J.D. Edwards, McVaney said it has become "very clear to me that our key to success is Internet e-business".