The computer maker said it is cutting 5% of its workforce as consumer demand fades.
Dell Technologies is the most recent large high-tech company to announce a major layoff, with the hardware maker saying Monday it is slashing 5% of its workforce., Dell attributed the job cuts to a"challenging global economic environment." Dell Chief Operating Officer Jeff Clark told employees in a letter that the company's previous moves to reduce its costs"are no longer enough. We now have to make additional decisions to prepare for the road ahead.
The cuts amount to roughly 6,600 people, with Dell saying it has about 133,000 workers globally in its most recent annual report, filed January of last year. The company previously paused external hiring, limited travel and cut spending on outside services.Dell shares fell 3.6% on Monday after the cuts were announced and are down 31% of the last 12 months.
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