Dell is cutting 5% of its workforce, or over 6,500 employees

 

Dell is cutting 5% of its workforce, or over 6,500 employees, due to the "challenging global economic environment." The company has been affected by the decrease in demand for personal computers and has already implemented measures such as restrictions on employee travel and a pause on external hiring but these steps are no longer enough. The layoffs are part of a larger trend in the tech industry as companies adapt to shifting demand and fears of a recession, with other companies such as Amazon, Microsoft, and Google also announcing job cuts. Dell saw a 37% decline in PC vendor unit shipments in the fourth quarter of 2022 compared to the prior year.