Dell to lay off 6650 employees, cut 5 per cent of global workforce

 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.

Dell office located in New York
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 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.

About Dell Technologies:

Dell Technologies Inc. is a multinational technology corporation based in Round Rock, Texas. It was founded as a result of the merger of Dell and EMC Corporation in September 2016. (which later became Dell EMC) Personal computers, servers, cellphones, televisions, computer software, computer security and network security, as well as information security services, are among Dell's goods.  Dell was rated 35th on the 2018 Fortune 500 list of the top firms in the United States based on total revenue.

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