Round Rock, Texas-based Dell, the iconic computer company, has announced a reorganization and cost-cutting initiative.
The reduction in force will impact 5% of Dell's workforce, or 6,650 employees.
According to an SEC statement, "Dell Technologies announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities. These actions will result in a reduction of approximately 5% of the Company’s workforce as the Company continues to take prudent steps in light of a challenging global economic environment."
Co-Chief Operating Officer Jeff Clarke noted, "The company is experiencing market conditions that continue to erode with an uncertain future. Previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough. The department reorganizations, along with the job reductions, are viewed as an opportunity to drive efficiency. We’ve navigated economic downturns before and we’ve emerged stronger. We will be ready when the market rebounds."
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. We see good people being laid off through no fault of their own. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?