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While the company has not confirmed the exact figure, reports indicate that Dell will lay off 12,500 people.
One former Dell employee, Ian Armstrong, referred to the layoffs as a “bloodbath” onLinkedIn.
Dell will reportedly lay off 12,500 employees this week in its second major set of job cuts in two years.
Armstrong also pointed people to an alumni channel aimed at helping people during the transition.
“Were streamlining layers of management and reprioritizing where we invest.”
Dell did not confirm how many employees will be laid off this week.
Intel announced 15,000 job cuts earlier this month in a move that aims to save the chipmaker $10 billion through 2025.
pic.twitter.com/oJpZH1Ww92August 5, 2024
The Layoff Tracker on X (formerly Twitter) estimated the 12,500 employee figure.
Sticking with Dell’s phrasing, the giant has gotten “leaner” two years in a row.
Dell cut 13,000 jobs in the 2023 fiscal year.
Back in February 2024, Dell had around 120,000 full-time employees.
Intel announced 15,000 cuts last week in an attempt to save $10 billion through 2025.
Our costs are too high, and our margins are too low.
The majority of the losses center around Intel Foundry services, which hasrun into challenges.
Intel expects it to take until 2027 for Intel Foundry to break even.
Tech giants face a variety of challenges at the moment.
Intel and Dell are far from the only companies to face struggles.
Companies may have to continue to make changes and cuts to meet goals and hit growth figures.
