SED consolidating U.S. centers, cutting jobs

SED International Holdings Inc., an Atlanta-based distributor of computer technology, consumer electronics and small appliances, said it is restructuring its U.S. operations and cutting more than 25 percent of U.S. work force.

The company is consolidating five distribution centers into three, according to a statement by Chief Executive Officer Bob O’Malley. He said the restructuring will improve productivity and strengthen the company’s commercial operations.

O’Malley said the company will focus on increasing its IT-related businesses and fulfillment services for retail clients.

“Since I began with SED two quarters ago, I have spoken about the need to improve our commercial services offerings by embracing cloud computing service models, by pursuing applications capitalizing on converged data, voice and video, and by leveraging the potential of mobile computing platforms,” O’Malley said in a statement. “The initiatives announced today are designed to accelerate SED’s path to sustainable profitability.”

The actually number of jobs to be eliminated was not immediately available. SED has operations in California; Florida; Georgia; New Jersey; Texas; Bogota, Colombia and Buenos Aires, Argentina.

About the Author

Christopher Seward

Airport’s planned overnight power outages will begin Tuesday

The tests, which will affect lighting, escalators, elevators and major terminal systems like baggage claim, are set to happen between the hours of 11:59 p.m. and 2:30 a.m.

California upgraded its film incentive program. How will this affect Georgia?

The increase puts California’s incentive in closer competition with Georgia’s own, which has long been considered the most generous programs in the country.

Unemployment in Georgia is down, but so is the labor force. Why?

Georgia’s labor force has declined by nearly 30,000 compared to May last year. Here are some reasons why.

The Latest

Credit: AP

California upgraded its film incentive program. How will this affect Georgia?

Opinion: Why do we name our cars?

Home Depot makes $5.5B acquisition to increase business with pro contractors

Featured

Credit: Ziyu Julian Zhu/AJC

Unemployment in Georgia is down, but so is the labor force. Why?

Georgia’s labor force has declined by nearly 30,000 compared to May last year. Here are some reasons why.

Georgia appeals court rules election boards must certify results

The Georgia Court of Appeals ruled that election board members are required to certify election results even when they have concerns about fraud or errors.

Atlanta crypto biz owner caught up in fraud says it’s ‘like living in a James Bond movie’

Prosecutors say North Korean IT specialists are 'infiltrating' tech companies in the U.S. as remote workers to steal money from businesses and funnel it back to North Korea.