Dell Technologies Announce Second Round Of Layoffs, Cuts 12,500 Jobs To Focus On AI
In a recent memo, Bill Scannell, President of Global Sales and Customer Operations, and John Byrne, President of Global Channels, communicated the decision to employees. They emphasized that these layoffs, though painful, are essential for enhancing the company's efficiency and positioning Dell to capitalize on emerging opportunities in AI and technology.
Dell to lay off 6,650 employees, cut 5% of global workforce
The layoffs come as Dell seeks to restructure its operations to better align with market demands and accelerate growth. The company has been investing heavily in AI to drive innovation and unlock new value for consumer organizations.
Tech layoffs surge past 100,000 in July 2024: Major job cuts in Intel, Microsoft, Dyson & more; see data
Affected employees will receive severance packages that include two months' pay plus an additional week per year of service, up to a maximum of 26 weeks. Despite these provisions, there is notable dissatisfaction among longtime staff, many of whom are concerned about losing incentives and stock options. Some employees had anticipated the cuts due to earlier budget reductions and cancelled projects.
In fiscal year 2023, Dell had already reduced its workforce by 13,000. With the latest round of layoffs, the company's headcount has decreased from 120,000 to 100,000.
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