Dell to Cut Jobs in 2024 in Effort to Lower Employee Expenses
(Reuters) – Dell Technologies reduced its workforce as part of a broader cost-cutting initiative that included limiting external hiring and employee restructuring, it said in a filing on Monday. On February 2, 2024, it employed almost 120,000 employees, compared to approximately 126,000 a year earlier. The layoffs came after sluggish demand for its personal computers for nearly two years partly contributed to an 11 percent drop in revenue in its fourth-quarter results released last month. Dell expects net sales at its Customer Solutions Group (CSG), the home of PCs, to…
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