Tech Layoffs: Dell to cut more than 6,500 employees, 5% of workforce

Dell plans to lay off roughly 5% of its workforce, the company said in a regulatory filing Monday, in the latest example of tech companies cutting costs in an uncertain economic climate.

Dell has about 133,000 employees, the company told CNN. At that level, the 5% cut would represent more than 6,500 employees.The computing giant cited the "challenging global economic environment" for the cuts. In a letter to employees, Jeff Clarke, Dell's vice chairman, said steps the company has already taken - such as restrictions on employee travel and a pause on external hiring - are insufficient.

"What we know is market conditions continue to erode with an uncertain future," Clarke told employees. "The steps we've taken to stay ahead of downturn impacts -- which enabled several strong quarters in a row -- are no longer enough. We now have to make additional decisions to prepare for the road ahead."The move comes as layoffs continue to spread throughout the tech industry.

Dell, in particular, saw a 37% decline in PC vendor unit shipments during the final three months of 2022 compared to the year prior, according to Gartner.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tech Layoffs: Dell to cut more than 6,500 employees, 5% of workforceThe computing giant cited the 'challenging global economic environment' for the cuts.
Source: ABC7NY - 🏆 592. / 51 Read more »

Blame the CEO for tech layoffs at Google, Facebook, Salesforce, AmazonInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know. Why you have to Stop making like this article bullsheet Ford pays its CEO 17M per year. They got chased out of the automobile market. Toyota, the largest car manufacturer pays’s its CEO 2.5M. What about getting back to work instead? Apparently, just like the rest of the nation under the control of the Democratic Party, productivity and quality of services is no longer needed. It is all about wokeness and social pimping and bashing of capitalism. You have it now
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dell to Slash Around 6,650 Jobs in Latest Tech Cuts: Report“What we know is market conditions continue to erode with an uncertain future.”
Source: thedailybeast - 🏆 307. / 63 Read more »

Martin Truex Jr wins Clash at the Coliseum with Daytona 500 on the horizonMartin Truex Jr found himself in first place at the Busch Light Clash at the Coliseum in Los Angeles on Sunday night, gaining momentum ahead of the Daytona 500.
Source: FoxNews - 🏆 9. / 87 Read more »

Earthquake strikes Turkey and Syria; more than 500 killedMore than 500 people were killed and thousands injured on Monday, after a major earthquake of magnitude 7.8 struck central Turkey and northwest Syria, collapsing buildings and triggering searches for survivors in the rubble. Allah rham frma Tragic earthquake Turkey So disheartening 😢😢😢
Source: Reuters - 🏆 2. / 97 Read more »