Dell Technologies Inc is set to cut 6,650 jobs, or 5% of its global workforce, due to difficult market conditions [1]. The job losses represent a 5% reduction of Dell’s global workforce [2]. This news was announced on February 6th (Reuters) [3], and Dell is looking to reduce its costs and improve its efficiency in order to remain competitive.
References:
[1] Dell to layoff 6650 employees as demand for PCs plummets [2] Dell to cut about 6650 jobs as PC demand drops [3] Dell to slash about 6650 jobs -Bloomberg News – NasdaqHP Inc has also said it will cut up to 6,000 jobs
HP Inc has announced plans to reduce their global headcount by up to 6,000 jobs by the end of fiscal 2025 [1, 2]. This move is part of a larger restructuring effort that will save the company $1.4 billion annually by that time [3], although it comes at a cost of $1 billion in costs associated with the layoffs [3]. HP’s quarterly earnings report came in lower than expected due to the restructuring, leading to concerns among shareholders [3].
References:
[1] HP to cut about 12% jobs by end of fiscal 2025 – Reuters [2] HP to cut up to 6000 jobs – Nasdaq [3] HP will cut up to 6,000 jobs over next three years – AxiosNYSE: DELL stock is losing today – 3.63%
Dell Technologies Inc (NYSE: DELL) announced on Monday that it would be slashing 6,650 jobs, equating to 5% of its total workforce [1], [2]. The job cuts come after the tech giant has seen softening demand for personal computers [3], leading the company to take measures to reduce its workforce in order to remain competitive. The news has caused NYSE: DELL stock to drop 3.63% in value today.
References:
[1] Dell to cut 6,650 jobs, report says – MarketWatch [2] 2023 Layoffs: Dell Reportedly Cuts 6,650 Jobs – Forbes[3] Dell To Let Go Of 6,650 Jobs As Uncertainties Dented Its …
U.S. Companies Have Laid Off Thousands this Year
Dell Technologies joins to the list of U.S. companies from Goldman Sachs Group Inc to Alphabet Inc that have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates [2]. Goldman Sachs is set to begin layoffs that will affect more than 3,000 workers later this week [3], while Alphabet has already cut 12,000 jobs [2]. Genesis, a struggling lender, is also said to be reducing its workforce by 30%, and Salesforce, the cloud computing giant, is cutting 10% of its workforce. TuSimple, an autonomous truck designer, could lay off 700 of its employees, while Blue Apron, a meal-kit company, is cutting 10% of its workforce. Adobe is said to be cutting 100 employees from its sales department, and San Francisco-based tech company Airtable is laying off 254 employees.
Read Discover New Job Opportunities: Don’t Let a Recession Stop You!
References:
[1] Dell to slash over 6000 jobs amid ‘uncertain market future’ [2] Google parent to lay off 12,000 workers in latest blow to tech … [3] Goldman Sachs Will Reportedly Cut More Than … – Forbes
