CDW Employees hit with job cuts after Q1 2023 warning

CDW Canada, the technology product and services company based in Illinois, is reportedly laying off hundreds of employees on the heels of a preliminary Q1 2023 report. It joins a growing number of tech firms that are laying off tens of thousands of workers in response to slowing demand and sales.

What’s happening: CRN is reporting that multiple CDW employees are sharing their layoffs on sites like LinkedIn and TheLayoff in the wake of the company’s warning about poor first quarter results.

• One CDW employee told CRN that the company has launched a wave of layoffs
• There are reports of 600 to 1,000 employees being let go, with notifications coming through email
• CDW is reportedly examining workers’ billable time to determine who should be fired
• Severance packages are being offered
• Laid off employees are being asked to sign non-disclosure agreements (NDAs)

Further explanation: The layoffs are happening in the wake of a warning by the company that its Q1 2023 revenue would drop below expectations.

• CDW expects “intensifying economic uncertainty” to negatively impact the global IT market.
• Its $5.1 billion net sales will miss the analyst estimates of $5.28 billion.

Impact on Canadian staff

CDW’s layoffs may include a number of Canadian employees, however the full impact is currently unclear as the company has not confirmed any cuts.

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