Dell Technologies Inc will cut 6,650 positions, or approximately 5% of its global workforce, as a result of dwindling demand for its personal computers, according to Bloomberg News on Monday.
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| Source : Wikipedia |
According to the report, the company is encountering market conditions that "continue to erode with an uncertain future," as co-Chief Operating Officer Jeff Clarke stated in a note to employees.
Clarke said in the memo that earlier cost-cutting initiatives, such as a hiring freeze and travel restrictions, are no longer sufficient.
A business spokeswoman told Bloomberg News that the department reorganisations and employment losses are an opportunity to increase efficiency.
Dell did not immediately respond to a request for comment from Reuters.
Companies ranging from Microsoft Corp to Amazon.com Inc and Goldman Sachs Group Inc have recently slashed thousands of employees to help ride out a demand slowdown caused by high inflation and increasing interest rates.
Layoffs in the United States reached a more than two-year high in January, according to a report released on Thursday, as technology firms cut workers at the second-fastest rate on record to prepare for a possible recession.
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