Dell announces plans to cut about 6,600 employees
Technology company Dell has revealed that it plans to cut about 5% of its workforce. In its regulatory filings, Dell said the job cuts were in response to a 'challenging global economic environment.'
UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 8-K
Preparing for the Road Ahead | Dell USA
https://www.dell.com/en-us/blog/preparing-for-the-road-ahead/
Dell joins parade of tech giants slashing their workforces-CBS News
https://www.cbsnews.com/news/dell-layoffs-tech-job-cuts/
Dell, which develops and sells computer equipment, has also revealed that it will reduce the number of employees, as major technology companies such as Google , Amazon , and Microsoft have announced job cuts one after another.
According to documents submitted by Dell to the U.S. Securities and Exchange Commission, Dell has announced organizational restructuring and behavioral reforms to its employees in order to make strategic and customer-oriented investments. The company plans to cut its workforce by about 5%. According to Dell's annual report submitted as of 2022, Dell has approximately 133,000 employees worldwide, so the reduction is expected to be approximately 6,600.
``Given the challenging global economic environment, we continue to be cautious,'' Dell said. Dell's stock fell 3.6% after the cut was announced and has fallen 31% over the past 12 months.
According to a survey report on global PC shipments released in the third quarter of 2022, PC shipments from major manufacturers, including Dell, Lenovo, and HP, have decreased by 15% year-on-year. That's what I'm talking about. In terms of market share for the quarter, Dell remained the world's third-largest with 16.1%, behind Lenovo's 22.7% and HP's 17.1%.
Dell has also suspended external hiring, restricted business travel, and cut spending on external services before this layoff. Jeff Clarke, Dell's Chief Operating Officer, told employees, 'The cost-cutting moves to date are no longer enough. We must now make further decisions to prepare for the future. I will not.”
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