It is laying off 5% of its global workforce as it is hit by falling demand for its products
The computer maker Dell Technologies Inc will eliminate 6,650 jobs, a number that corresponds to approx 5% of its global workforce as it is hit by a drop in demand for its products, reports Bloomberg news agency today.
The company is facing adverse conditions that “continue to deteriorate” and “uncertain futureJeff Clark, Dell’s co-CEO, said in an internal memo to employees, according to the report.
Previous cost-cutting measures, including a suspension of new hires and restrictions on travel, were no longer enough, he explained.
The job cuts are part of a reorganization of departments and offer an opportunity to increase business efficiency, a company spokesman told Bloomberg.
Wave of layoffs at the giants after the pandemic
Many IT and digital services companies, including industry giants such as Amazon, Meta (Facebook, Instagram), Microsoft and Alphabet (Google) have recently announced large-scale layoffs or job cuts following the wave of mass recruitment during the pandemic, when demand for the services they offer increased rapidly.
They are taking these measures as their consumer and corporate clients cut spending amid high inflation and rising interest rates.
Layoffs hit a two-year high in January as technology companies in particular appeared to be bracing for a possible U.S. recession, a report released Thursday showed.
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