Tech Data CEO says some workers will lose jobs as company focuses on efficiency – Tampa Bay Business Journal
Hume unveiled a Global Business Optimization plan Thursday morning that’s designed to make Tech Data (NASDAQ: TECD), the largest company in Tampa Bay, more agile and cost-efficient by digitizing processes and increasing centralization and standardization.
“As we use technology to make our environment more efficient and more productive, it frees up resources and we will be investing half of those savings back into the business,” he said. “There will be a piece of the workforce that will see a bit of a reduction. … We do expect to see some local impact but we’ll have this reinvestment opportunity as well, so assuming there is skills alignment or skill adaptability you can arrest part of that transitioning effect.”