{"id":9767,"date":"2024-03-26T01:38:57","date_gmt":"2024-03-26T01:38:57","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/26\/dell-reduces-workforce-as-part-of-broader-cost-cuts\/"},"modified":"2024-03-26T01:38:57","modified_gmt":"2024-03-26T01:38:57","slug":"dell-reduces-workforce-as-part-of-broader-cost-cuts","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/03\/26\/dell-reduces-workforce-as-part-of-broader-cost-cuts\/","title":{"rendered":"Dell reduces workforce as part of broader cost cuts"},"content":{"rendered":"
\"Dell<\/div>


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Dell Technologies<\/a> reduced its workforce<\/a> as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. <\/p>\n

As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. <\/p>\n

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The layoffs<\/a> come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month.<\/p>\n

Dell expects net revenue in its client solutions group (CSG) – home to PCs – to grow for the entire year, it said on Monday. The segment’s revenue had fallen 12% in the fourth quarter.<\/p>\n

While Dell cautioned against near-term challenges, the company expects demand to improve and pricing environment to be more competitive in FY 2025. <\/p>\n

However, the company expects input costs to rise and added there is likely to be “continued reduction of our other businesses’ net revenue as a result of the change in our commercial relationship with VMware”.<\/p>\n

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Discover the stories of your interest<\/h3>\n<\/div>\n
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Dell bought back shares tied to its interest in software maker VMware, paving the way for it to return to the market in 2018. Chipmaker Broadcom closed its $69 billion acquisition of VMware last year. Last year, Dell slashed 6,650 jobs, when it braced for a potential recession and demand for personal computers dwindled.<\/div>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday. As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier. Elevate Your Tech Prowess with High-Value Skill Courses Offering […]<\/p>\n","protected":false},"author":2,"featured_media":9768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/img.etimg.com\/photo\/88591548.cms","fifu_image_alt":"","footnotes":""},"categories":[607],"tags":[14738,5996,14736,1492,545,14732,14734,7610,3651,14737,14733,11325,14735],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/9767"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=9767"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/9767\/revisions"}],"predecessor-version":[{"id":9769,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/9767\/revisions\/9769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/9768"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=9767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=9767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=9767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}