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The Boston Globe

Business

VMware cutting jobs, lowers forecast

PALO ALTO, Calif. — VMware Inc. said Monday that it is cutting 900 jobs, or nearly 7 percent of its workforce, and expects revenue to fall short of Wall Street’s expectations for the current quarter.

The software company, which is majority owned by EMC Corp. of Hopkinton, Mass., also said it plans to exit some lines of business and consolidate facilities. Cost of the job cuts and business changes is expected to be between $90 million and $110 million.

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