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Dell has confirmed reducing its workforce to cut costs.
Apart from reducing the workforce, Dell also revealed in a filing that it had
limited external hiring. As per Reuters report, Dell had nearly 120,000
employees as of February 2, 2024, which is down from the total 1,26,000
employees it had earlier.
In its filing, Dell has said that it is cutting jobs because
not many people have been buying its computers for almost two years. This lack
of demand has led to a decrease of 11 per cent in the money the company makes,
which was reported in the financial results for the last three months of the
year, and these results were announced just last month. So, because they're not
selling as many computers, the company is having financial troubles and is
letting some of its employees go.
As per the filing, Dell expects its revenue from its client
solutions group, which includes PCs, to increase for the whole year. This was
announced on 25th March, 2024. However, in the last three months of
the year, this segment's revenue fell by 12 per cent. Even though Dell warned
about facing difficulties in the near future, it anticipates that demand for
its products will get better, and the prices they can charge will become more
competitive in the financial year 2025.
Recently, Dell was caught in the eye of the storm after it
announced some obscure policies for the employees working from home. In a memo,
Dell informed its remote workers that they can continue working from home but
they will not be considered for promotions. Notably, Dell had a hybrid work
culture long before Covid struck. They have had the rule for over a decade.
However, now the company is implementing strict return-to-office (RTO)
policies, which is a clear departure from its previous stance.
Dell informed its employees of a return-to-office mandate,
categorising them as either "hybrid" or "remote" workers.
While hybrid employees are required to spend a minimum of three days a week in
an approved office, fully remote workers face significant limitations.
According to internal documents obtained by Business Insider, remote workers
will not be considered for promotion or be allowed to change roles within the
company.
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INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
INDUSTRIAL PRODUCTS FINDER (IPF) is India’s only industrial product portal. Referred to as the ‘Bible’ of the manufacturing sector in India,
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