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Micron cutting 130 jobs
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July 16, 1998: 3:15 p.m. ET
Computer maker pares work force by 5 percent, shifts focus to sales efforts
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NEW YORK (CNNfn) - As part of its ongoing effort to reduce operating expenses, personal computer maker Micron Electronics Inc. announced Thursday it was eliminating 130 jobs, or about 5 percent of its work force.
The Nampa, Idaho-based company said the action would give it the money it needs to create an unspecified number of new sales positions.
"Over the past two quarters, we've made great strides toward meeting our business objectives by improving our execution of the direct model. ... Now, our task is to rev up the sales engine to renew Micron's growth. Micron has great products, but we need more feet on the street to be a top contender in the PC business," said Micron Electronics Chairman and Chief Executive Officer Joel Kocher.
In June, Micron created three new business units focused on selling computers to consumers and small businesses, commercial customers and public sector companies. Micron also added two vice presidents who will oversee Internet sales as well as customer service and support.
Micron Electronics (MUEI) shares were up 1-3/8 to 14-7/8 in late afternoon trading.
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Micron
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