{"id":467,"date":"2023-02-06T12:03:00","date_gmt":"2023-02-06T17:03:00","guid":{"rendered":"https:\/\/embarrdowns.com\/dell-technologies-inc-to-cut-6650-jobs-amid-pc-sales-decline\/"},"modified":"2023-02-06T12:03:00","modified_gmt":"2023-02-06T17:03:00","slug":"dell-technologies-inc-to-cut-6650-jobs-amid-pc-sales-decline","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/dell-technologies-inc-to-cut-6650-jobs-amid-pc-sales-decline\/","title":{"rendered":"Dell Technologies Inc. to Cut 6,650 Jobs Amid PC Sales Decline"},"content":{"rendered":"

Dell Technologies Inc., one of the world’s leading personal computer manufacturers, is laying off 6,650 workers, or about 5% of its global workforce, due to the decline in PC sales and infrastructure requirements.[0]<\/a><\/sup> This comes as the wider tech industry faces a reduced demand for PCs due to the challenging economic environment.[1]<\/a><\/sup><\/p>\n

In a memo to employees, Jeff Clarke, co-Chief Operating Officer of Dell, declared that the company is currently being impacted by market conditions that “continue to erode with an uncertain future.”[2]<\/a><\/sup> He added: \u201cUnfortunately, with changes like this, some members of our team will be leaving the company. There is no tougher decision, but one we had to make for our long-term health and success. Please know we\u2019ll support those impacted as they transition to their next opportunities.\u201d[3]<\/a><\/sup><\/p>\n

According to industry analyst IDC, Dell saw the most significant personal computer shipments decline of 37% year-on-year in 4Q22, generating 55% of its revenue from PCs.[4]<\/a><\/sup> Following a pandemic-era PC boom, Dell’s share price has dropped 28% over the past 12 months.<\/p>\n

Dell reported having 133,000 employees as of January 2022.[5]<\/a><\/sup> A 5% reduction would equate to the loss of more than 6,500 workers at that level.[6]<\/a><\/sup><\/p>\n

Dell said it is taking steps to reorganize its sales, customer-support, product-development and engineering teams, while Clarke wrote that steps the company had already implemented, like limiting travel, pausing external hiring and reducing outside services spending, were insufficient.[7]<\/a><\/sup><\/p>\n

In a statement, Dell said department reorganizations and job cuts are an opportunity to drive efficiency and that it will support those impacted as they transition to their next opportunity.[7]<\/a><\/sup> Clarke added that the company will \u201cprevail as we always do, for our customers, partners and each other. We\u2019ll be more competitive, more focused and find a new level of operational performance. We will be ready when the market rebounds.\u201d<\/p>\n

Shares of Dell were down 3% early Monday and are down 31% over the last 12 months.<\/p>\n

0. <\/span>“Dell Cuts 6,600 Jobs as PC Sales Drop” Gizmodo, 6 Feb. 2023, https:\/\/gizmodo.com\/dell-pcs-computers-tech-layoffs-texas-1850077094<\/a><\/a><\/p>\n

1. <\/span>“Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales” NDTV Profit, 6 Feb. 2023, https:\/\/www.ndtv.com\/business\/dell-to-cut-about-6-660-jobs-battered-by-plunging-personal-computer-sales-3756866<\/a><\/a><\/p>\n

2. <\/span>“Dell to cut 6,650 jobs globally amid PC slump” RTE.ie, 6 Feb. 2023, https:\/\/www.rte.ie\/news\/world\/2023\/0206\/1354051-dell-technologies\/<\/a><\/a><\/p>\n

3. <\/span>“Dell layoffs: Thousands of jobs to be cut – Austin Business Journal” The Business Journals, 6 Feb. 2023, https:\/\/www.bizjournals.com\/austin\/news\/2023\/02\/06\/dell-layoffs-2023.html<\/a><\/a><\/p>\n

4. <\/span>“Dell to slash over 6000 jobs amid slump in demand for PCs” Evening Standard, 3 Feb. 2023, https:\/\/www.standard.co.uk\/business\/dell-to-slash-over-6-000-jobs-amid-slump-in-demand-for-pcs-computer-b1058119.html<\/a><\/a><\/p>\n

5. <\/span>“Dell to Cut 5% of Workforce – WSJ” The Wall Street Journal, 6 Feb. 2023, https:\/\/www.wsj.com\/articles\/dell-to-cut-5-of-workforce-11675688897<\/a><\/a><\/p>\n

6. <\/span>“Dell to lay off 5% of its workforce” CNN, 6 Feb. 2023, https:\/\/www.cnn.com\/2023\/02\/06\/tech\/dell-layoffs\/index.html<\/a><\/a><\/p>\n

7. <\/span>“Dell to cut 6,650 jobs amid diminishing demand for company’s computers” Fox Business, 6 Feb. 2023, https:\/\/www.foxbusiness.com\/economy\/dell-cut-6650-jobs-diminishing-demand-companys-computers<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Dell Technologies Inc., one of the world’s leading personal computer manufacturers, is laying off 6,650 workers, or about 5% of its global workforce, due to the decline in PC sales and infrastructure requirements.[0]<\/a><\/sup> This comes as the wider tech industry faces a reduced demand for PCs due to the challenging economic environment.[1]<\/a><\/sup><\/p>\n

In a memo to employees, Jeff Clarke, co-Chief Operating Officer of Dell, declared that the company is currently being impacted by market conditions that “continue to erode with an uncertain future.”[2]<\/a><\/sup> He added: \u201cUnfortunately, with changes like this, some members of our team will be leaving the company. There is no tougher decision, but one we had to make for our long-term health and success. Please know we\u2019ll support those impacted as they transition to their next opportunities.\u201d[3]<\/a><\/sup><\/p>\n

According to industry analyst IDC, Dell saw the most significant personal computer shipments decline of 37% year-on-year in 4Q22, generating 55% of its revenue from PCs.[4]<\/a><\/sup> Following a pandemic-era PC boom, Dell’s share price has dropped 28% over the past 12 months.<\/p>\n

Dell reported having 133,000 employees as of January 2022.[5]<\/a><\/sup> A 5% reduction would equate to the loss of more than 6,500 workers at that level.[6]<\/a><\/sup><\/p>\n

Dell said it is taking steps to reorganize its sales, customer-support, product-development and engineering teams, while Clarke wrote that steps the company had already implemented, like limiting travel, pausing external hiring and reducing outside services spending, were insufficient.[7]<\/a><\/sup><\/p>\n

In a statement, Dell said department reorganizations and job cuts are an opportunity to drive efficiency and that it will support those impacted as they transition to their next opportunity.[7]<\/a><\/sup> Clarke added that the company will \u201cprevail as we always do, for our customers, partners and each other. We\u2019ll be more competitive, more focused and find a new level of operational performance. We will be ready when the market rebounds.\u201d<\/p>\n

Shares of Dell were down 3% early Monday and are down 31% over the last 12 months.<\/p>\n

0. <\/span>“Dell Cuts 6,600 Jobs as PC Sales Drop” Gizmodo, 6 Feb. 2023, https:\/\/gizmodo.com\/dell-pcs-computers-tech-layoffs-texas-1850077094<\/a><\/a><\/p>\n

1. <\/span>“Dell To Cut About 6,600 Jobs, Battered By Plunging PC Sales” NDTV Profit, 6 Feb. 2023, https:\/\/www.ndtv.com\/business\/dell-to-cut-about-6-660-jobs-battered-by-plunging-personal-computer-sales-3756866<\/a><\/a><\/p>\n

2. <\/span>“Dell to cut 6,650 jobs globally amid PC slump” RTE.ie, 6 Feb. 2023, https:\/\/www.rte.ie\/news\/world\/2023\/0206\/1354051-dell-technologies\/<\/a><\/a><\/p>\n

3. <\/span>“Dell layoffs: Thousands of jobs to be cut – Austin Business Journal” The Business Journals, 6 Feb. 2023, https:\/\/www.bizjournals.com\/austin\/news\/2023\/02\/06\/dell-layoffs-2023.html<\/a><\/a><\/p>\n

4. <\/span>“Dell to slash over 6000 jobs amid slump in demand for PCs” Evening Standard, 3 Feb. 2023, https:\/\/www.standard.co.uk\/business\/dell-to-slash-over-6-000-jobs-amid-slump-in-demand-for-pcs-computer-b1058119.html<\/a><\/a><\/p>\n

5. <\/span>“Dell to Cut 5% of Workforce – WSJ” The Wall Street Journal, 6 Feb. 2023, https:\/\/www.wsj.com\/articles\/dell-to-cut-5-of-workforce-11675688897<\/a><\/a><\/p>\n

6. <\/span>“Dell to lay off 5% of its workforce” CNN, 6 Feb. 2023, https:\/\/www.cnn.com\/2023\/02\/06\/tech\/dell-layoffs\/index.html<\/a><\/a><\/p>\n

7. <\/span>“Dell to cut 6,650 jobs amid diminishing demand for company’s computers” Fox Business, 6 Feb. 2023, https:\/\/www.foxbusiness.com\/economy\/dell-cut-6650-jobs-diminishing-demand-companys-computers<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":466,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/467"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=467"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/466"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}