Dell Layoffs
March 2024
Dell announced a layoff affecting 6,000 employees (5% of its workforce) in March 2024. The company operates in the Hardware sector.
6,000
5%
Mar 25, 2024
About
Dell Technologies has reduced its global workforce by approximately 13,000 employees, as disclosed in a March 2024 filing. This represents about 10% of its workforce, which stood at roughly 120,000 in early 2024. The layoffs are part of a broader cost-cutting initiative driven by nearly two years of sluggish demand for personal computers, which contributed to an 11% year-over-year revenue drop. Despite the cuts, Dell is forecasting a return to growth for its PC business in fiscal 2025, pinning hopes on AI-enabled devices and servers, while also navigating challenges from its changed commercial relationship with VMware.
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