Bigtech Layoffs: Dell to Layoff 6000+ Employees

Dell will cut 5% of its workforce due to falling demand for personal computers.
Listen to this story

Joining the likes of HP, Lenovo, computer giant Dell has announced that it is going to shred 6,650 jobs, i.e., 5% of its workforce amid decreasing demand for personal computers.  

According to vice chairman and co-chief operating officer Jeff Clarke, the earlier cost-cutting measures like freezing external hiring, limiting travel and lowering outside services spending, have proved to be insufficient. 

PC sales witnessed a boost during Covid but fell in Q4 2022, as per industry analyst IDC. Dell earns 55% of its revenue from PC sales but it recorded 37% drop in the same. 

AIM Daily XO

Join our editors every weekday evening as they steer you through the most significant news of the day, introduce you to fresh perspectives, and provide unexpected moments of joy
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

Read more: Layoff Storm: A Season When Apologies Rained & Jobs Fell

“In the coming days and weeks, you’ll begin to see a series of changes—some resets—across the organization to better structure us for the future, to better collaborate, reduce complexity, increase speed and accelerate innovation,“ said Clarke. 

Download our Mobile App

Dell disclosed a 6% decrease in sales for the October ’22 period and provided a revenue projection for the current quarter that didn’t meet analysts’ expectations. Following the cuts, Dell’s headcount will reach its lowest point in the last six years, with a reduction of approximately 39,000 employees compared to January 2020. As per a March 2022 filing, only a third of the company’s workforce is based in the US.

Bigtech Layoff Storm is Still Going Strong

Dell is not the first one to lay off. HP announced last year that it will be laying 4,000 to 6,000 employees in the next three years. Lenovo also laid off an undisclosed number of its workforce in December 2022. Cisco also started firing 5% of its workforce, which is more than 4,000 of its employees. 

Major players, including the likes of Amazon, Google, Twitter, Microsoft, and Salesforce, have collectively let go of nearly 55,000 employees worldwide, i.e., nearly 3–6% of their total headcount. Among these tech giants, only Apple has not yet announced any layoff, although it has paused hiring in many segments. 

Read more: What Keeps Apple Buoyant in Rough Tides

Sign up for The Deep Learning Podcast

by Vijayalakshmi Anandan

The Deep Learning Curve is a technology-based podcast hosted by Vijayalakshmi Anandan - Video Presenter and Podcaster at Analytics India Magazine. This podcast is the narrator's journey of curiosity and discovery in the world of technology.

Shritama Saha
Shritama is a technology journalist who is keen to learn about AI and analytics play. A graduate in mass communication, she is passionate to explore the influence of data science on fashion, drug development, films, and art.

Our Upcoming Events

24th Mar, 2023 | Webinar
Women-in-Tech: Are you ready for the Techade

27-28th Apr, 2023 I Bangalore
Data Engineering Summit (DES) 2023

23 Jun, 2023 | Bangalore
MachineCon India 2023 [AI100 Awards]

21 Jul, 2023 | New York
MachineCon USA 2023 [AI100 Awards]

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox