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Technology Job Cuts 2024: Dell dismisses 6000 staff, total of 13000 let go in a year
Dell has revealed a new wave of job cuts, letting go over 6000 individuals. Within this financial year, Dell has dismissed a total of 13000 staff, exceeding their initial expectations.
Dell Technologies revealed earlier this week that it is once again cutting jobs, leading to about 6,000 employees being let go. This action contributes to the substantial decrease in the company's workforce, which saw a reduction of 13,000 employees in the previous fiscal year, a number that exceeded original estimates.
Dell's job cuts are a component of a wider plan to reduce expenses, involving steps like curbing outside recruitment and carrying out staff reshuffling and team alterations. This move is a reaction to a phase of slow demand for personal computers, resulting in an 11% revenue decrease in the last quarter of the prior year.
On February 2, Dell announced that it had a global workforce of 120,000, which is almost a 10 per cent drop compared to the last year. The firm highlighted its continuous endeavors to cut down expenses while concentrating on enabling its workers and drawing in, cultivating, and keeping skilled individuals.
Dell executives declared job reductions at the beginning of 2023 due to sluggish personal computer sales, with around 6,650 positions being the initial target. Nonetheless, the total job cuts throughout the fiscal year 2024 were almost double that number.
Even with the difficulties, Dell predicts an increase in net revenue for its Client Solutions Group this year. However, this is amidst the forecast of growing input expenses and continuous decrease in net revenue from other business sections due to alterations in its association with VMware.
Furthermore, Dell is discontinuing its work-from-home program and is introducing a fresh policy for returning to the office. They are classifying employees as 'hybrid' or 'remote', intending to exclude remote workers from being considered for advancement or position changes within the company.
Dell used to be recognized for its blended work environment, but recent policy amendments have impacted telecommuters. A new study disclosed that telecommuters who are pursuing advancements must adapt to a blended work approach, requiring them to spend at least three days a week in an office. This change has triggered worries among employees about career advancement possibilities and lesser flexibility.
Conversely, a research report referenced by Bloomberg emphasizes the potential for increasing profits for companies that provide flexible remote work opportunities. Businesses that have completely flexible work-from-home policies saw a rise in sales by 21% from 2020 to 2022. This is in stark comparison to a mere 5% revenue increase seen by companies with a mix of remote and onsite work or entirely onsite working arrangements during the same time frame.
(Incorporating information from various sources)
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