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US-based Dell Technologies has announced layoffs as part of a broader cost-cutting initiative that also includes limits on external hiring and staff realignment. This was reported by Reuters,
This was reported by Reuters, as reported by Ukrinform.
As of February 2, 2024, the company had approximately 120,000 employees; this figure was 126,000 the previous year.
The layoffs come after nearly two years of slowing demand for Dell’s personal computers, among other things, leading to an 11% drop in the company’s fourth-quarter profits.
While Dell warns of near-term challenges, the company expects demand to improve and pricing to become more competitive in fiscal 2025.
At the same time, the company noted that production costs may increase, adding that “it is likely that the net income of our other companies will continue to decrease as a result of the change in our business relationship with VMware.”
Dell bought back shares related to its stake in software maker VMware. Chipmaker Broadcom completed its $69 billion acquisition of VMware last year.
As reported by Ukrinform, the American company Dell presented a new series of three laptops: Dell XPS 13, XPS 14 and XPS 16.
Photo: Dell
Source: Ukrinform
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