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The Boston Globe

Business

EMC restructuring plan will cut 1,004 jobs

Latest retooling spurred by cloud computing, Big Data

EMC Corp., the Hopkinton data storage giant, has disclosed that a broad restructuring will result in the elimination of 1,004 positions.

The cuts, the company said in a recent securities filing, are part of an $80 million cost-reduction initiative announced earlier this year to retool much of the company, so it can better handle fundamental changes in the technology sector, such as the shift to storing huge quantities of data with Internet­ cloud computing services and advancements in database analytics known as Big Data.

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