Dell Technologies is cutting about 6,650 jobs, or 5 per cent of its global workforce, as it struggles with a slump in the personal computer market and braces for a potential recession.
The move today aligns Dell with a raft of US companies, from Goldman Sachs Group to Google’s parent company, Alphabet, that have laid off thousands this year to ride out a demand downturn wrought by high inflation and rising interest rates.
Dell had already rolled out cost-cutting measures such as a hiring pause and limits on travel as it dealt with a post-pandemic collapse in PC sales, which account for more than half of its revenue.
