Thread regarding Dell Inc. layoffs

@kfw+1tRleird Where in services?

Yeah, I found it odd that non-sales announcements (HR, ISG, CSG, Finance, etc) were posted through the Global Sales Org sharepoint. I haven't seen anything from the likes of Arthur, Doug S, etc.

I work in services and folks on my team were laid off today.

These only all appear to be from Global Sales Org. I havent seen or heard anything in services

Dell Technologies Inc. is cutting jobs as part of a reorganization of its sales teams that includes a new group focused on artificial intelligence products and services.

“We are getting leaner,” sales executives Bill Scannell and John Byrne wrote Monday in a memo to Dell employees. “We’re streamlining layers of management and reprioritizing where we invest.” In addition to the AI-focused team, the executives said the company will change how data center sales are approached.

The Texas-based hardware technology company has enjoyed a renaissance of investor interest over the past year due to its high-powered servers that can run AI workloads. Still, there is increasing unease about how long it may take companies to see a payoff from AI investments, which often come in the form of expensive servers or graphics processing units.

A spokesperson declined to comment on how many jobs would be affected. “Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company,” the spokesperson said.

The shares increased 34% this year through Friday’s close, though the stock had given back more than 40% of its value since hitting a record $179.21 on May 29.

Dell previously announced a major workforce reduction in early 2023, shedding 13,000 jobs in that fiscal year. As of February, it had about 120,000 full-time employees globally, Dell said in a regulatory filing that month.

The company’s best-known business of selling personal computers has struggled in recent years amid a post-pandemic decline in that market. Still, computer industry shipments have begun to pick up, and Dell is optimistic that a new generation of AI-optimized PCs will fuel upgrades.

“We aim to grow faster than the market by seamlessly meeting our customers and partners online, virtually, or in person, to unlock the value of modern IT and AI for their organizations,” the Dell executives wrote in the memo to employees.

Search Inside Dell for Organizational Update, sort by latest. There's a page that is literally a directory of all the communications from sales, HR, operations, marketing, etc. In Scannell's update at the bottom it states they are posting all of them online vs. sending via email. The URL ends with Organizationanl-update---August-2024.aspx

Can someone post the takeaways from Bloomberg article here? For those of us who don't subscribe? Maybe just the bullets.

Business update memo I got was to "Global CSG members"

Marketing received a memo but have not seen a company-wide one

same here - i have not recieved this memo....

88K is the final number for 2025, $1M revenue per head. If FY25 business is picking up to $100B again, it will be 100K employees. Server focus is due to Supermicro's hyper growth.

It is on going now. My manager just told me he was impacted

Can't read the Bloomberg link abouve, can someone who subscribes post it here?

Can someone post the mass email here? I didn't get it, maybe I'm on the WFR list and was excluded.

Does anyone know percentage of WFR this go-around? Has anyone in HR or management been told how many are going to be affected?
(Beginning of this year I think it was 5%, others say more.)

Rumor mill thinks Dell is hoping to get bellow 100K, and right now Dell has just under 128K (that a disputable number though).

This go-around, is it going from ~128 to ~100K, is that in the works "right now"?

Weird. I haven’t seen anything yet. Thanks for posting.

Yes, a mass email was sent at 1 est

It says- “In a memo sent to employees”.

I’ve seen no communication today from anyone. Am I missing anything?