Dell Technologies reduces workforce as part of cost-cutting measures due to PC demand decline and revenue drop.

Dell Technologies has reduced its workforce as part of broader cost-cutting measures, including limiting external hiring and employee reorganizations. As of February 2, 2024, the company had nearly 120,000 employees, down from approximately 126,000 a year earlier. The layoffs follow a decline in demand for personal computers and an 11% drop in revenue in the fourth quarter. Despite near-term challenges, Dell expects demand to improve, pricing to become more competitive in FY 2025, and input costs to rise.

March 25, 2024
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