On Monday, America’s giant computer firm Dell announces to cut 5% of its global workforce. Dell announces that the firm will lay off 5% of its global workforce which is around 6,650 employees.
Terminations of Worldwide employment follow the same step as was taken by some of the great tech giants like Microsoft, Meta, Google, Amazon, and Twitter during the economic downturn.
They also come after a major hiring spree at the height of the coronavirus pandemic when companies scrambled to meet demand as people went online for work, school, and entertainment.
Market conditions continue to erode with an uncertain future. The steps we’ve taken to stay ahead of downturn impacts which enabled several strong quarters in a row-are no longer enough.”
Jeff Clarke-Dell Technologies Vice Chairman
Round Rock-Texas-based Dell company had 133,000 employees at the start of 2022, and one-third of them were from the United States.
Clarke warned of coming changes for the firm’s global sales and services segments.
The company now has to make “additional decisions to prepare for the road ahead. Unfortunately, with changes like this, some of our team members will leave the company. There is no tougher decision, but we had to make this decision for our long-term health and success.”
Jeff Clarke-Dell Technologies Vice Chairman
According to results released in last year’s November, its revenue of Dell fell to 6% in the third quarter of its 2023 fiscal year.
While Dell’s product sales such as desktops, workstations, and laptops fell by 10%. The executives of the group pointed out the declining demand for personal computers.
The company has navigated economic downturns before and “emerged stronger” from them. Dell will be ready when the market rebounds.”
Jeff Clarke-Dell Technologies Vice Chairman
