Ingram Micro laying off 850 employees amid restructuring efforts following public listing

What’s happening at Ingram Micro?

Ingram Micro, a global IT distribution leader, is laying off approximately 850 employees as part of a company-wide restructuring effort, according to CRN. The layoffs are expected to conclude by the end of the first quarter of 2025. This marks the latest round of staff reductions for the company, which became publicly traded in October 2024 after years as a private entity.

The job cuts will affect various roles across the organization, with key changes including:

• Integration of digital and IT teams to cut costs and streamline operations.
• Transitioning from a shared services model to an exception-based approach.
• Restructuring specific country, business, and functional teams.

Official statements and context

CEO’s Message: In a letter to employees, CEO Paul Bay emphasized the necessity of these layoffs to position Ingram Micro for future success.

• “We are committed to supporting affected associates through this transition,” Bay wrote.
• “These decisions are never easy, but they are necessary to position our organization for future success.”
• Ingram Micro has not disclosed further specifics about the layoffs, citing the ongoing nature of the restructuring.

Previous Cuts: This announcement follows earlier layoffs in 2023, during which the company reduced its workforce by over 1,100 employees globally.

• As of its most recent U.S. Securities and Exchange Commission filing, Ingram Micro reported having over 24,100 full-time employees worldwide.

SEE ALSO: Layoffs in Canada: Which Employers are Slashing Staff?

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