TECH - Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes | Benzinga
Dell Technologies Inc (NYSE:DELL) has implemented workforce reductions as part of its comprehensive cost-cutting strategy, which also encompasses constraints on external hiring and internal employee reorganizations.
As of February 2, 2024, Dell’s workforce has decreased to nearly 120,000 employees from about 126,000 the previous year, reflecting these changes.
This decision follows a declining demand for personal computers, which has lasted nearly two years and contributed to an 11% decrease in the company’s revenue in the fourth quarter of the previous fiscal year.
Despite experiencing a 12% drop in revenue in its client solutions group, which includes its PC division, during the fourth quarter, Dell remains optimistic. The company anticipates overall growth in this segment for ...