Dell Layoff: The phase of layoffs from tech companies continues. Dell Technologies has decided to lay off more than 6000 of its employees. Faced with falling demand for personal computers, Dell Technologies Inc. will eliminate about 6,650 jobs. Media reports are indicating that Dell is planning to reduce 5 percent of its global workforce.
After the pandemic-era PC boom, Dell and other hardware makers are now facing the brunt of the midlife. Industry analyst IDC said preliminary data show personal computer shipments fell sharply in the fourth quarter of 2022. Among major companies, Dell saw the biggest drop. Dell generates about 55% of its revenue from PCs.
Clarke told workers that previous cost-cutting measures, including a freeze on hiring and limits on travel, are no longer enough. The spokeswoman said the department’s restructuring, along with job cuts, is seen as an opportunity to drive efficiency.
Layoffs have hit the tech sector in recent months, including at many of Dell’s peers and competitors. Similarly, HP Inc., which has exposure to the PC market, announced 6,000 job cuts in November. Cisco Systems Inc. and International Business Machines Corp. Each said they would lay off about 4,000 employees.