Tech company Dell has announced a cut of approximately 5% of its workforce, the latest tech company to join a wave of layoffs as interest rates rise and financial conditions tighten.
The cuts would total about 6,600 jobs, based on the total of 133,000 workers the company said it had at the start of 2022, its most recent figure.
“Market conditions continue to deteriorate with an uncertain future ahead,” Jeff Clarke, Dell’s co-chief operating officer, said in a memo to employees.
Clarke said the company has already stopped hiring, limited employee travel and reduced spending on outside services but these steps “are no longer enough”.
Dell is taking steps to reorganize its sales, customer support, product development and engineering teams, Clarke said. “We’ve been through economic crises before and we came out stronger,” he said.
The company is the latest major US employer to reduce its staff as companies respond to widespread inflation, rising interest rates and normalizing pandemic trends.
Several companies laid off thousands of employees in a round led by big tech companies including Microsoft and Amazon.
Source: CNN Brasil
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