What's the ROI time on $67Billion?
This job cut is hardly surprising....but it's also a token gesture. How long will it take for a $67B investment to pay off, never mind turn a profit? Slicing off 3000 people to save under $2B means very little, except that they have no idea how make this whole thing profitable. It's going to a mess.
If EMC revenue remain in the $20 - 25Billion range they've been in, then it will be at least 3 to 4 years before this is profitable....but revenues were slowing....I think there's going to a be a lot more job cuts.