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Dell layoffs begin bhayya


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3 minutes ago, ShruteSastry said:

legit source?

For the second time in less than two months, Dell Technologies is laying off an unspecified number of employees this week as the $92 billion infrastructure giant looks to cut costs with the coronavirus pandemic continuing to cause economic uncertainty.

During a quarterly all-hands meeting Monday, Dell’s Jeff Clarke told staff that the workforce reductions won’t be limited to any specific team or division within Dell, according to a Bloomberg report. The cutbacks come after Dell reported a 3 percent decline in sales to $22.73 billion for its second fiscal quarter, which ended July 31, while declining to provide guidance for the rest of the year.

Dell Technologies confirmed in a statement that there would be “some job loss or restructuring” but did not specify how many people were being let go or from which specific division or geography.

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Many enterprise companies scrambled to come up with cash to move quickly with IT expenditures to enable a mass remote work-at-home model and are now looking at tightening their IT belts for 2021, said Venero. Future Tech is seeing enterprise customers cut their 2021 IT budgets by 15 percent or more, said Venero. “We see a cliff that is coming with customers cutting their IT budgets,” he said. “With COVID-19 many customers had to spend money they didn’t have in the budget to keep operations going. That money has to come from somewhere. That means their IT spend is going to be impacted in 2021. We are seeing those budget cuts.”

Venero said he is not surprised by the customer IT budget belt-tightening. “These customers are looking at IT budget shortfalls for 2021,” he said.

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2 minutes ago, tom bhayya said:

For the second time in less than two months, Dell Technologies is laying off an unspecified number of employees this week as the $92 billion infrastructure giant looks to cut costs with the coronavirus pandemic continuing to cause economic uncertainty.

During a quarterly all-hands meeting Monday, Dell’s Jeff Clarke told staff that the workforce reductions won’t be limited to any specific team or division within Dell, according to a Bloomberg report. The cutbacks come after Dell reported a 3 percent decline in sales to $22.73 billion for its second fiscal quarter, which ended July 31, while declining to provide guidance for the rest of the year.

Dell Technologies confirmed in a statement that there would be “some job loss or restructuring” but did not specify how many people were being let go or from which specific division or geography.

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