The American PC manufacturer Dell wants to cut thousands of jobs in view of the weakness in the PC market. He joins the wave of layoffs at tech companies. According to an internal message from CEO Jeff Clarke, the company is facing market conditions that continue to deteriorate, leaving the future uncertain.
The group, based in Round Rock, Texas, confirmed Monday to the Bloomberg news agency, which has received Clarke’s internal report, that the cuts to the targeted 6,650 jobs will affect about five percent of the global workforce. Clarke wrote in the statement that the austerity measures implemented so far, such as travel restrictions, are not enough.
Pandemic wave is over
After the boom in the pandemic, consumers have significantly reduced their demand for technology hardware such as smartphones and laptops. High inflation and uncertain economic prospects dampen the buying mood. According to market researcher IDC, Dell shipped 37 percent fewer computers in the last three months of the previous year than in the same period of 2021. Dell realizes more than half of its turnover with PCs.
Rivals such as HP Inc and IBM have also recently announced that they want to get rid of thousands of employees. Up to 6,000 jobs will be lost at HP and about 3,900 at IBM. There is also a wave of layoffs at US software companies after they significantly expanded their workforce during the pandemic.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
