Support NeoGAF

[adamsapple]

Another day, another big company having massive layoffs.

Dell reportedly cuts over 12,000 jobs as it seeks to 'streamline' its structure and boost profitability

Dell will lay off an estimated 10% of its workforce.

www.tomshardware.com

Dell looks set to join Intel in announcing massive layoffs of up to 10% of its workforce. The news comes via Bloomberg, with PCMag giving a figure of around 12,500 affected employees. The big players in the tech industry are at times notorious for churning through employees, and Dell's layoffs were described as a "bloodbath" by former employee Ian Armstrong, and the company has cut around 25,000 jobs in the past year.

Why is this happening? According to an internal Dell memo, executives "aim to grow faster than the market by seamlessly meeting our customers and partners online, virtually, or in person to unlock the value of modern IT and AI for their organizations". This means massive cuts and restructuring to the existing sales teams, which have seen a decline in home PC sales, with a pivot to focus on data center and AI-related sales.

 

[bitbydeath]

I wonder how much all these cuts are attributed to shareholders seeking endless growth.

 

[feynoob]

It's not going to get any better at this stage.

 

[feynoob]

I wonder how much all these cuts are attributed to shareholders seeking endless growth.

They don't care about accountability. These fks ruin everything they touch.
Then you get the CEOs who keep listening to them.

 

[Dr.D00p]

Translation.

'DELL needs to continue feeding its parasite CEOs their bonuses and parasite shareholders because the myth of infinite growth must be met'

 

[winjer]

Again, workers being sacrificed at the altar of higher shareholder profits.

 

[GHG]

I wonder how much all these cuts are attributed to shareholders seeking endless growth.

Have you seen how much their stock pumped in recent months due to a single endorsement from Jensen?

It's been the dot com bubble all over again.

 

[RJMacready73]

Finally got AI sorted then Dell?

 

[jason10mm]

How do 12,000 people IN TOTAL work at Dell in the first place?

 

[kruis]

It seems like almost every US tech company cuts the same percentage of jobs: 10%. I get the impression they're not even looking to see how many of those jobs are really redundant, they just want to hit a percentage to impress the investor class.

 

[Halo is Back]

Damn. everybody is getting laid off in the tech industry

 

[diffusionx]

nvm

 

[AJUMP23]

YA the economy sucks. And it will get worse for a while.

 

[NoLootBoxDev]

I wonder how much all these cuts are attributed to shareholders seeking endless growth.

 

[StreetsofBeige]

tech companies hired too many people. Before the cuts, Dell had 158,000 employees (assuming google check is pretty accurate). Big layoffs usually go like this:

- Any company in bad financiial situations where it's do or die
- Banks in big financial crisis
- Oil and energy companies when things go bad and commodity prices drop
- Retailers doing temp workers for a few months for Xmas rush
- Tech companies at any time even if they are making tons of profits

There's something wacky with the way tech companies over hire like crazy in ramp ups and then similarly gas people when things slow down or they just feel like it.

 

[ForAcademicPurposes]

How do 12,000 people IN TOTAL work at Dell in the first place?

And where do they end up? That's what I like to know. The news doesn't cover that part of the story. Twelve thousand people...