Dell To Layoff About 6500 Employees

Dell Cut 5% of its Global Workforce

1. Dell Technologies to cut about 5% of its global workforce.

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2. It is about 6,650 jobs, due to market conditions and declining PC shipments.

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3. The company faced a similar layoff in 2020 during the Covid-19 pandemic.

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4. PC shipments have declined in the 4th quarter of 2022, with Dell facing the largest decline of 37%.

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5. Other tech companies such as HP, Cisco Systems, and IBM have also announced job cuts in 2022.

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6. The company has decided to reduce its dependence on Chinese chips.

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7. It aims to stop using Chinese-made chips by 2024.

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8. Dell's operating profit rose 68% in the 3rd quarter of 2022.

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9. The profit was due to strong demand for servers and network equipment.

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10. The company's operating expenses fell 8% in the 3rd quarter of 2022.

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11. It was due to measures to reduce expenses and improving supply chain.

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