The American technology major has introduced a number of measures to navigate the uncertain global economy, which include a halt to external hiring, limitations to travel, and cutting costs of outside services
Dell announces lay off of nearly 5% of its global workforce. (Credit: Jjpwiki/Wikipedia.org)
Dell Technologies announced that it will lay off nearly 5% of the company’s workforce in light of a challenging global economic environment.
According to various reports, the mass job cuts are expected to impact nearly 6,650 employees of the company.
The layoffs were confirmed through a memo from the American technology major’s vice chairman and co-chief operating officer Jeff Clarke to employees.
Clarke said that the company intends to assist those impacted as they move on to their next opportunities.
The expenses related to these measures are anticipated to be reflected in the fourth fiscal quarter of fiscal 2023.
Clarke stated: “What we know is market conditions continue to erode with an uncertain future. The steps we’ve taken to stay ahead of downturn impacts – which enabled several strong quarters in a row – are no longer enough.
“We now have to make additional decisions to prepare for the road ahead.”
Dell is said to have already introduced a number of measures to navigate the uncertain global economy.
The measures include a halt to external hiring, limitations to travel, and cutting costs of outside services.
Clarke said that a series of changes will be implemented across the company in the coming days to improve structure, collaboration, reduce complexity, boost speed, and expedite innovation.
The changes include but are not limited to the aligning of regional sales and Dell Technologies Select teams and the integration of support services into infrastructure solutions group (ISG) and client solutions group (CSG).
Dell’s layoff plan follows a series of mass job cuts in the technology sector with the most recent being Alphabet’s decision to make nearly 12,000 employees redundant.
E-commerce major Amazon, American technology major Microsoft, Facebook’s owner Meta, microblogging platform Twitter, and others have also recently announced mass layoffs.