Dell has announced that they will be cutting thousands of jobs in a recent move to adapt to cost cuts in demand globally. This comes alongside other key decisions that the company has made recently, including “a pause on external hiring, limiting travel and reducing outside services spend,” according to a memo sent out by Jeff Clarke, the company’s co-chief operating officer.
Why it matters: The layoffs mark a significant pivot in strategy for the company moving forward, in which they will now be working on resetting various areas of the organization. These changes include streamlining sales functions by aligning their Regional Sales and Dell Technologies Select (DTS) teams and integrating their support services into ISG and CSG to “tighten the feedback loop between customers, support and our product teams.”
- Dell will let go of 6,650 employees, around 5% of its workforce.
- Job cuts in the tech industry are heating up, with PayPal, Google, Microsoft, and Salesforce announcing layoffs in the past few weeks.
