ANI
07 Feb 2023, 03:03 GMT+10
New Delhi [India], February 6 (ANI): Dell Technologies Inc. plans to lay off around 6,650 workers which are approx. 5% of its global workforce.
According to CNN Business, Jeff Clarke, Dell's vice chairman, in a letter to employees, said that the steps the company has already taken such as restrictions on employee travel and a pause on external hiring are insufficient.
Dell is the latest example of tech companies cutting costs in an uncertain economic climate.
"What we know is market conditions continue to erode with an uncertain future. 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, Clarke told employees, as per CNN Business.
The layoffs would be the latest in the US technology sector, where companies including Amazon.com Inc, Microsoft and Meta Platforms Inc have announced retrenchment exercises in response to slowing demand and a worsening global economic outlook. (ANI)
Get a daily dose of Orlando Echo news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Orlando Echo.
More InformationHANOI, Vietnam: Tensions were again increasing off the coast of Vietnam as Hanoi ordered its navy to shadow a Chinese ...
In Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
TEGUCIGALPA, Honduras: After Honduran President Xiomara Castro severed ties with Taiwan in favor of China to gain more investment and ...
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
UVLADE, Texas: Texas police stopped a Florida-bound freight train this week and discovered two migrants had died in a freight ...
ROLLING FORK, Mississippi: A powerful tornado has struck Mississippi, killing at least 25 people, injuring dozens, flattening entire blocks and ...
Excuse Colorado manager Bud Black for scoreboard-watching Saturday night as the Rockies look for a third straight road win over ...
You can feel the critics ready to pounce. Perhaps, they might say sarcastically, the New York Mets needed to spend ...