Closed offices, salespeople no longer expensing travel, capped internal movement pay and promotions,stopped contributing to 401k. There are incompetent people still employed but I’m now paying $2000k a month for insurance during a pandemic.
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I still find it hard to take management seriously or trust anyone at work after soul destroying experience at Dell. Once a good company is ruined by the s..heads who call themselves managers, directors and VPs. A classic example of the conflict of interests
This downsize is all about profitability.
If you look at Dell's financials, almost all their profits for the past six months resulted from cost cutting, and despite efforts, net income has been trending down. And people, unfortunately, are the most expensive aspect of running Dell. If you assume a per person total cost of $150k/year (salary, Dell's contributions to tax, Social Security, etc, benefits), and you cut 20,000 people, Dell adds $3B to their annual net income.
As a former Dell employee who survived multiple rounds (6?), not even sure why anyone's surprised anymore. Over the years, the comments are fairly consistent:
- Company is huge.
- Dell is not that great at innovating.
- Desktop/laptop sales continue a downward trend (a quick COVID spike notwithstanding)
- There's boatloads of debt from the (IMO) ill-conceived EMC purchase.
- Management is short-sighted, friends-friendly, micro-managing drones
- Continual whining on contributing your life to Dell and getting kicked to the side of the road.
Nothing has changed. Nothing will change. So just assume that unless you buddy up to someone who will protect you that your days are likely numbered and prepare accordingly. I did by leaving on my own, others wait until the inevitable and hope the severance package remains good.
Hewlett Packard Enterprise had liabilities of US$18.8b due within 12 months, and liabilities of US$16.2b due beyond 12 months. Offsetting these obligations, it had cash of US$3.17b as well as receivables valued at US$2.86b due within 12 months. So it has liabilities totalling US$29.0b more than its cash and near-term receivables, combined.
January 2020 Hewlett Packard Enterprise had debt of US$13.8b, up from US$12.5b in one year. On the flip side, it has US$3.17b in cash leading to net debt of about US$10.6b.
So HPE is sitting on $39bn in debt and liabilities.
Dell is not a regular company. It is in MOUNTAINS of DEBT! It is also very large l (#employees) in my opinion considering what it brings in. Rather work for a company that has real money.
You're right about directors and VPs are totally.. sh**heads. Useless and just got their positions thru friends.. got no clues how to run an org. I am at DellEmc/Data domain.. and they keep hiring their friends, giving them big titles and laying off all the old timers.
The management Dell has in place is ridiculous. I've never seen such micro management in my life, truly sad. Their first line managers s—, the only reason they are in their positions is because they s— up to not only their manager, but go right to the top to the dept VP. The Director level is s— a f—ing joke, these guys will pretend to be your friend. Trust no one in this hell hole, they will stab you in the back no sooner than look at you. They also gossip like little old ladies. The org VP's, where the f— did they find these people and why are they even in these positions? They are the biggest joke. We would have these silly quarterly meetings where if your manager liked you would recommend you for notice. This women would start this by giving out recognition and attaching some gem stone, working up to say a diamond. What a joke it was working at Dell, I'm so happy I'm gone. Found a job and it is 10000000X better than working at the hell hole known as DT.
Dell needs to look at their senior management and make some changes. I wasn’t impacted by the WFR but I’ve heard, there’s around round happening in November / December. No one is safe. You’re just a number. Michael Dell has made so much money during COVID off of their customers.
And it was not the last WFR. Those who are feeling relaxed that they did not get hit, who knows next time its their turn. So run
Disney is laying off people and I saw a post on Linked from a Disney employee (Recruiter) offering assistance to those affected. I have to say, I’m surprised by how coldly HR and my former manager handled my lay-off. It really made me angry. I also found out the decision was made back in July, and can now easily see the lies my manager told me. Colleagues I supported all reached out and they have been kind and amazing - offering references, etc. then a couple of people who I thought were my friends completely ghosted me. It’s interesting to see how others react to something like this. (And sometimes disappointing). Thankfully I have some good connections there and my references and aren’t dependent on the cold HR form letter of my former manager who was new to my team. Overall,
I’m glad I’m not there anymore - especially now. There are better companies.
I dont know what the point is? Yes we sold a lot of laptops, but that doesnt pay the bills. We are in a market that has slowed spending. WFR is just what happens. Where we went wrong was pretending that this wasnt happening.
Other companies rolled out pay cuts and forced holidays, but they reduced targets, so people continued to work hard and focus so they can try to achieve.
We instead increased everyones targets and pretended it isnt happening, so all the staff have no way of ever attaining and have given up. Net result, customers disengaged and sales not happening.
Even managers are saying that the number will correct itself next year as the formula catches up and customers will come back. That's not a sales strategy that's a prayer. Give people achievable targets they will work for them.
My former manager, who is a Senior Director made a serues of jokes about how an additional 8 reqs were opening up in Mexico and another 8 in Malaysia after the layoffs occured. He was really proud of his special federal badge and made it a point to let a few of the team members in Malaysia know about his top secret security clearance. I was told yesterday by a former colleague on my team this manager told two of the guys on my old team a week before I got notified by HR that I was being terminated. So much for confidentiality and keeping things professional. Not to mention the jokes about American citizens losing their jobs. To be honest tho, many of the foreigners and those here on visas are wonderful and would never make jokes like that. My former team has a few really hateful people and they are finding great joy in knowing Americans are losing their jobs.