With diminishing consumer demand for Dell’s (DELL) personal computers, the company is cutting approximately 6500 jobs. This is yet another example of recession fears in corporate America.
According to reports, the computer behemoth’s PC shipments fell by 37% in Q4 2022 compared to the same period the previous year. PC sales for Dell account for 55% of revenue according to Bloomberg.
According to a Bloomberg source, Dell Co-Chief Operating Officer Jeff Clarke stated in a memo on Monday that the company’s past cost-cutting efforts, such as a halt on recruiting and travel restrictions, had not been successful and that the market circumstances were “continuing to erode with an uncertain future.”
Co-Chief Operating Officer Jeff Clarke stated in a statement to staff that those actions are “no longer enough. “What we know is market conditions continue to erode with an uncertain future,” The costs associated with the layoffs are anticipated to be recorded by Dell in its next January fiscal fourth quarter.
In the last few weeks, there have been mass layoff announcements from Meta, Google, Microsoft, and Amazon.
Celebrity News Update— Premier Jewelry designer and manufacturer fashion house ParisJewelry.com has started manufacturing a new custom line of celebrity jewelry designs with 30% Off and Free Shipping. Replenish Your Body- Refilter Your Health with OrganicGreek.com Vitamin Bottles, Slim Tea, Vitamins and Herbs. Become a WebFans Creator and Influencer.
Presidents’ Day sales discounts from Walmart on tech, toys, jewelry, apparel and more
