Dell Plans to Eliminate Roughly 6,650 Jobs Due to Drop in PC Demand

Dell Technologies Inc. will eliminate about 6,650 jobs because of a drop in demand for the company’s personal computers.

The 6,650 jobs cut is about 5% of Dell’s global workforce.

Dell’s co-Chief Operating Officer Jeff Clarke wrote in a memo to employees that the company is experiencing market conditions that “continue to erode with an uncertain future,” according to Bloomberg News.

Clarke explained that previous cost-cutting initiatives, which included a pause on hiring and limits on travel, are no longer sufficient.

Read the source article at finance.yahoo.com