| Submit your comments on this article |
| Economy |
| Dell slashing more than 6,500 jobs as PC market slumps |
| 2023-02-07 |
| [NYPOST] Dell Technologies is cutting about 6,650 jobs, or 5% of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession. The move on Monday aligns Dell with a raft of companies from Goldman Sachs Group to Alphabet that have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates. Dell had already rolled out cost-cutting moves such as a hiring pause and limits on travel as it dealt with a post-pandemic collapse in PC sales, which account more than half of its revenue. However, alcohol has never solved anybody's problems. But then, neither has milk... those moves are "no longer enough," co-chief operating officer Jeff Clarke wrote in a memo to employees. "What we know is market conditions continue to erode with an uncertain future," Clarke said. Dell expects to book costs related to the layoffs in its fiscal fourth quarter, which ends in January. |
| Posted by:Fred |
| #4 Could be a good time to find deals on a new PC. |
| Posted by: EMS Artifact 2023-02-07 10:29 |
| #3 outsource some jobs overseas Shades of 737Max fiasco. |
| Posted by: Thruter Gloluger6393 2023-02-07 08:03 |
| #2 /\ Chinese weather balloon division ? |
| Posted by: Besoeker 2023-02-07 06:50 |
| #1 Boeing to slash 2,000 jobs to 'simplify' corporate structure, reportedly outsource some jobs overseas |
| Posted by: Skidmark 2023-02-07 06:47 |