Last Update: February 06, 2023, 14:24 IST
Dell confirms global layoffs to counter market downturn
Dell is the latest company to start laying off this year in a bid to streamline its business amid a downturn in the market.
Dell Technologies said on Monday it would lay off about 6,650 employees globally, becoming the latest technology company to do so, media reported.
The cuts will cover 5 percent of the company’s global workforce, Bloomberg reported, citing sources.
“The company is facing market conditions that continue to worsen with an uncertain future,” said Jeff Clarke, Co-Chief Operating Officer.
Clarke told employees that previous cost-cutting measures, such as a halt to hiring and travel restrictions, are no longer enough.
In addition, a company spokesperson said the department’s reorganization, along with job cuts, is seen as an opportunity to drive efficiency, according to the report.
In addition, Dell and other hardware makers have seen demand slump after a pandemic-era PC boom.
In 2022, the Indian traditional PC market is set to decline 11.7 percent year-on-year (y-o-y), with shipments of 3.9 million units in the September quarter increasing for eight consecutive quarters, according to International Data Corporation (IDC). ) Report.
HP shipped more than 940,000 units, and Lenovo overtook Dell with a strong showing in the consumer segment.
Dell Technologies slipped to the third spot as it lost momentum in the consumer segment.
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