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   alt.politics.economics      "Its the economy, stupid"      345,374 messages   

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   Message 343,696 of 345,374   
   P. Coonan to All   
   Tech Layoffs: Dell to cut more than 6,50   
   07 Jun 23 00:25:10   
   
   XPost: alt.politics.elections, alt.fan.rush-limbaugh, talk.politics.guns   
   XPost: alt.society.liberalism   
   From: nospam@ix.netcom.com   
      
   Dell plans to lay off roughly 5% of its workforce, the company said in a   
   regulatory filing Monday, in the latest example of tech companies cutting   
   costs in an uncertain economic climate.   
      
   Dell has about 133,000 employees, the company told CNN. At that level, the   
   5% cut would represent more than 6,500 employees.   
      
   LAYOFF TRACKER: Mass layoffs by tech companies big and small hit the Bay   
   Area   
      
   The computing giant cited the "challenging global economic environment"   
   for the cuts. In a letter to employees, Jeff Clarke, Dell's vice chairman,   
   said steps the company has already taken - such as restrictions on   
   employee travel and a pause on external hiring - are insufficient.   
      
   "What we know is market conditions continue to erode with an uncertain   
   future," Clarke told employees. "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."   
      
   RELATED: Efforts underway to recruit top talent after large-scale tech   
   layoffs   
      
   The move comes as layoffs continue to spread throughout the tech industry.   
   Amazon, Microsoft, Google and others have each announced plans to cut   
   thousands of workers as the companies adapt to shifting pandemic demand   
   and fears of a looming recession.   
      
   Dell has also been grappling with reduced demand for personal computers.   
      
   Consulting firm Gartner said last month that worldwide PC shipments fell   
   more than 28% in the fourth quarter of 2022 compared to the same period   
   the prior year. This marked the largest quarterly shipment decline since   
   Gartner began tracking the PC market in the mid-90s.   
      
   Dell, in particular, saw a 37% decline in PC vendor unit shipments during   
   the final three months of 2022 compared to the year prior, according to   
   Gartner.   
      
   https://abc7chicago.com/dell-layoffs-tech-jobs-computing/12777625/   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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