The news was first reported by Bloomberg News earlier on Monday. (Reporting by Shivani Tanna and Eva Mathews in Bengaluru; Editing by Savio D'Souza)
(Changes source to company)
Feb 6 (Reuters) - Dell Technologies Inc will
eliminate about 6,650 jobs, or 5% of its global workforce, the
company said on Monday, as the PC maker grapples with falling
demand and braces for economic uncertainty.
The company joins a raft of U.S. companies ranging from
Goldman Sachs to Alphabet Inc that have
announced thousands of job cuts recently to help ride out a
demand downturn as consumer and corporate spending shrinks due
to high inflation and rising interest rates.
"What we know is market conditions continue to erode with an
uncertain future," co-Chief Operating Officer Jeff Clarke wrote
in a memo to employees.
Dell's moves so far to navigate a challenging economic
environment, including pausing external hiring, limiting travel
and reducing outside services spending, were "no longer enough",
Clarke said in the memo, which the company made public.
Layoffs in the United States hit a more than two-year high
in January as technology firms cut jobs at the second-highest
pace on record to brace for a possible recession, a report
showed on Thursday.
Dell had about 133,000 employees as of Jan. 28, 2022, of
which, about one-third were based in the United States.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.