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Tech Unemployment 2024: Dell dismisses 6000 staff, in total 13000 layoffs in a year
Dell has declared another wave of job cuts, letting go of more than 6000 individuals. In the current financial year, Dell's total layoffs have risen to 13000 employees, exceeding their original expectations.
Dell Technologies revealed earlier this week that it has initiated another wave of job cuts, leading to around 6,000 employees losing their jobs. This action contributes to the substantial decrease in the company's workforce, which previously saw a reduction of 13,000 employees in the past financial year, exceeding the original estimates.
Dell's recent staff cuts are a part of a larger strategy to reduce expenses. This includes actions like restricting recruitment from outside the company and rearranging employee teams and roles. This action was taken due to a time of slow demand for PCs, resulting in an 11% decrease in earnings in the last quarter of the past year.
On February 2, Dell announced that it has 120,000 employees worldwide, showing a drop of almost 10% compared to the last year. The firm highlighted its continuous endeavors to cut expenses without compromising on empowering its employees and its commitment to recruit, nurture, and retain skilled personnel.
Dell's leadership revealed plans for employment reductions at the beginning of 2023 due to disappointing PC sales, with an initial estimate of around 6,650 positions being affected. Nevertheless, the total count of job cuts during the 2024 fiscal year almost doubled this figure.
Even with difficulties, Dell expects an increase in net income from its Client Solutions Group for this year. However, this is alongside predictions of increased expenses and continuous decline in net income from other business sectors due to alterations in its partnership with VMware.
Furthermore, Dell is discontinuing the work-from-home approach and is instead instituting a new policy for returning to the office. Employees are being classified as either 'hybrid' or 'remote', with the intention of not considering remote workers for promotions or position changes at Dell.
Dell was once recognized for its blended work environment, but recent modifications in policies have impacted those working from home. A newly released study indicated that employees working remotely who are aspiring for advancements need to adapt to a mixed work style and spend a minimum of three days a week in an office setting. This change has led to employee worries about potential career progression and diminished adaptability.
On the other hand, a research referred to by Bloomberg underscores the possible increase in earnings for businesses that provide adaptable work-from-home alternatives. Businesses that have completely flexible remote work arrangements saw a 21 per cent surge in sales from 2020 to 2022, in contrast to a mere 5 per cent rise in revenue for firms with a mix of remote and onsite work or entirely onsite working conditions during the identical timeframe.
(Incorporating information from various sources)
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