Menu
ERP maker Epicor to cut jobs

ERP maker Epicor to cut jobs

ERP vendor Epicor has cut an unspecified number of jobs as part of a cost-saving plan, the company said Thursday.

ERP vendor Epicor said Thursday it is cutting an unspecified number of jobs as part of a plan to save US$16 million to $20 million each year.

Thursday's news follows recent, unconfirmed reports of layoffs at the Irvine, California, company, which aims its ERP (enterprise resource planning) software at midsized companies as well as divisions of large enterprises.

The economic environment means "it is more important than ever to maximize our flexibility to adapt to whatever market conditions we may face in the most efficient and effective manner" in an effort to maximize profits, Epicor CEO Thomas Kelly said in a statement.

Epicor is "excited" about both its near and long-term opportunities, he added.

An Epicor spokesman did not immediately respond to a call seeking more information, such as how many jobs were being eliminated. The company is also planning to restrict discretionary spending and undertake "technology initiatives designed to improve efficiencies and reduce operating expenses."

Epicor's Web site states the company has 3,000 employees, and had about $429 million in revenue during fiscal 2007. The company claims to have more than 20,000 customers in more than 140 countries.

The company's announcement comes just weeks after it said that its anticipated Epicor 9 ERP suite will be generally available by year end.

Epicor 9 will combine the best features from various Epicor product lines into a "next-generation superset" based on service-oriented architecture and includes functions such as customer relationship management, business process management, governance, risk, compliance and enterprise performance management. The strategy echoes that of Oracle and its Fusion Applications development effort.

Even as it cuts costs, Epicor is dealing with a takeover bid by Elliott Associates, a hedge fund. Epicor's board has so far recommended shareholders reject the bid.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments