EMC is laying off 2,400 workers in a bid to streamline operations in the face of economic recession.

The cuts represent about 7 per cent of its global 41,900 employee workforce.

Despite the move, EMC is expected to post record quarterly revenue growth that will meet fourth-quarter expectations.

The storage giant said in a statement that Q4 2008 revenues would total about USD $4 billion.

This represents 4 per cent growth over the same period a year ago and an 8 per cent increase compared with the third quarter of 2008.

EMC said the staff reductions were necessary to ensure it remained ahead of the downturn.

The staffing cuts are expected to reduce expenses by USD $350 million in 2009 and USD $500 million by 2010.

The company’s last redundancies took place in 2007, when it axed 1,350 jobs.

At the time it said these were required because acquisitions had led to overlapping staff.

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