What is happening with this company? Is there an actual plan behind these layoffs? At this point I can not discern any reason beyond basic cost-cutting, hitting the obvious and easiest target - employees. That may come back in the near future to bite leadership in the a-s. If you have no long-term reasoning for so many layoffs, you may end up crashing down because you will have no established workforce that will allow you to adjust and fast in this market. I see no bright future for Dell if this mess continues.
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Yes i heard it on good word that next on the agenda is planning the next round of layoffs,primarily pulling from remote workers
Michael Dell's name is on the brand but he doesn't soley own Dell. Its a public listed company. When would he pay off the debt with his own money, he can loan the shareholder money and that makes more sense. I'm hating the company it has become too. But just calling out right/wrong, so we don't blindly add more hate for no reason. He makes good money and a clever one at that, but he has no obligation on the worth of others and we shouldn't expect handouts. I don't see Musk, Bezos, Gates, Zuckerberg, Ellison, Buffett, Arnaut families etc handing out their wealths to workers. Its just capitalism and public corporate business greed in the name of maximising profits, we can hate on that but the sh---y alternative is communist but we hate that too.
Follow the money people—insider Trading from the last year. C Levels and Directors cash out before Quarterly results. RTO and Layoffs are good for business and add value to the bottom line and investors' notice. Stock Jumps up, and they cash out their stock options. It's not about us the grunts, it's about Wall Street. This is the master plan. THiS iS THE WAY!
https://www.marketbeat.com/stocks/NYSE/DELL/insider-trades/
The post before this one is a cold, hard truth.
And the rumors that JC may soon take over? Why? So he can be the caretaker to manage the company into non-existence?
It’s such a $$hit$$how, please lay me off & put me out of my misery
If anything we have learned that Dell has become an ATM for Michael Dell. The entire EMC acquisition, VMware spinoff, VMware sale, and whatever comes next benefits one man. In 2016 Fores listed Michael's net worth at $19.8B. In 2021 Michael spun off VMware and his net worth rose to $45.1B. In 2024 VMware sells and he makes an estimated $21.65B according to CRN. His net worth today, according to Forbes, is $73.2B.
Michael hasn't been in touch with tech or the company in years. He only cares about his personal wealth and the power/access it buys. Michael Dell's personal net worth grew by almost the acquisition cost of EMC. Think about it, if he wanted to write a check and pay off that debt today he could. Dell, the company, currently carries about $26.63B in debt. He could write a check for that and still have $46.57B in wealth. That would still be a nice ROI from the EMC acquisition. He won't do it. He'd rather layoff tens of thousands of people. Many will struggle for months. Some will lose their homes or cars. One lost his life. This was never about technology or human progress. It's about Michael Dell and his greed.
It seems like every large corporation now sees its workforce as an inconvenience and a burden. They only want the very minimum amount of workers needed to keep the lights on and outsource all the work to companies d-mb enough to keep employees. However, even those companies keep a large amount of contract workers. No companies invest in training and career development and then are surprised that quality and productivity suffers.
Corporations think employees are their enemy and cynically think they are fooling you when they say: “our people are our biggest asset.” It makes me want to pu-e.
FU Michael Dell!!
@pnz+1qSYsG7F, I guess you mean Icahn, that would be hilarious though.
Put the lipstick on the pig for Carl Icon to buy.
It seems obvious. Dell wants to sell all its products online from a web site. Dells wants customers to click here and there and order whatever they think they need. Dell doesn't want salespeople, hardware maintenance people, they don't want most of the employees they have. The plan is outsource as much as you can and use AI. Dell employees are just a line or dot on a graph.
Most of the top talent left last year, the rest are leaving now. Long-term plan? Sell.
AI AI AI AI AI
Have a nice day