EMC Lays Off 1,100; Construction to Continue For Now

HOPKINGTON, MA-EMC Corp., the seemingly invincible data storage equipment maker, will lay off 1,100 people or about 5% of its work force. About 300 of those job losses will be in this state spread throughout the company’s facilities here and in Westborough, Southborough, Milford and Franklin.

“The economy has slowed our growth rate,” Mark Fredrickson, vice president of corporate communications for EMC, tells GlobeSt.com, explaining the reason for the staff reduction. “We are still growing at 20% but our rate of revenue rate growth gas been slowed.” Fredrickson notes that the company originally anticipated a 35% growth rate for this year.