Bloomberg News reported on Monday that Dell Technologies would eliminate about 6,650 jobs, or about 5% of its global workforce. This is as a result of the falling demand for personal computers. The company is experiencing market conditions that “continue to deteriorate with an uncertain future,” co-Chief Operating Officer Jeff Clarke wrote in a memo to employees.
In the memo, Clarke stated that previous cost-saving measures, including a halt on hiring and travel limits, were no longer sufficient. It is intended to drive efficiency through departmental reorganizations and job cuts, according to a spokesperson for the company.
Microsoft, Amazon, and Goldman Sachs Group have all cut thousands of jobs recently. This is to help companies ride out a downturn in demand caused by high inflation and rising interest rates. In January, the number of layoffs in the United States reached a two-year high as technology firms shed jobs at the second-highest pace on record to prepare for a possible recession, according to a report released on Thursday.