Thread regarding Dell Inc. layoffs

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.

Originally posted by @5dnd+17eVqRDr.

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| 2715 views | | 3 replies (last October 15, 2020) | Reply
Post ID: @OP+17lBOrEG

3 replies (most recent on top)

Dell has $54 BILLION debt. Do the math and you will conclude it is a sinking ship.

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Post ID: @6ghr+17lBOrEG

I saw layoffs in 2019. Many friends with great performance were impacted.I thought it wont happen for a couple of years. Then again in 2020. Now I can not convince myself that layoffs will not happen anytime soon again. May be in 6 months they do again. Who knows.

Pressing full gas now on my interview prep.

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Post ID: @sgt+17lBOrEG

Ever since Mikey went Public again- the writing was on the wall.

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Post ID: @bhn+17lBOrEG

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