Revenue has been consistently increasing and we've been losing people to layoffs and seeing our benefits shrink despite it. Imagine what would happen if the revenue was instead going down. If things are as bad as they are for regular employees while the going is good, I don't dare think how it'll be when the going gets tough.
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Company Revenue is shrinking..
Not can...'has to' shrink. Equipment continues to last longer, and businesses need less of it.
Cutting opex in terms of least cost countries and process tweaks and less expensive components will continue, until Dell figures out how to partner cost effectively with cloud providers. These moves are what will keep the company afloat with enough cash flow to try different things. It sucks though that the share buybacks are so large rather than using the funds to issue company wide stock grants to 'maybe' get some of that employee 'engagement' I hear about.
imagine if the world was flat
Announced $5B Buy Backs
Non GAAP as always nothing realistic.
Dell can afford to shrink it's head count by 30 to 40%