Layoffs at Dell a 5% cut to prepare for the road ahead

Layoffs are making headlines. What's really going on in the job market

Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.’

Important Takeaways:

  • Dell to lay off more than 6,500 employees
  • Dell has about 133,000 employees, the company told CNN. At that level, the 5% cut would represent more than 6,500 employees.
  • The computing giant cited the “challenging global economic environment” for the cuts.
  • “What we know is market conditions continue to erode with an uncertain future,” Clarke told employees. “The steps we’ve taken to stay ahead of downturn impacts – which enabled several strong quarters in a row – are no longer enough. We now have to make additional decisions to prepare for the road ahead.”

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