Thread regarding Dell Inc. layoffs

Firing continues!

From Dell Technologies' (NYSE: DELL) most recent 10-Q filing:

We continue to advance our own capabilities to change the way we work and make decisions, improve business outcomes and the customer experience, and reduce costs by leveraging new technology and optimizing business processes. Throughout Fiscal 2025, we remain committed to disciplined cost management in coordination with our ongoing business transformation initiatives and will continue to take certain measures to reduce costs, including limitation of external hiring, employee reorganizations, and other actions to align our investments with our strategic priorities and customer needs. We anticipate these actions will result in a continued reduction in our overall headcount. We believe our unique operating advantages provide a foundation to foster growth, drive efficiencies, and continue to position us for long-term success.
https://www.streetinsider.com/dr/news.php?id=23708901&gfv=1

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| 2301 views | | 3 replies (last September 11, 2024) | Reply
Post ID: @OP+1urA8R8b

3 replies (most recent on top)

from the 10-Q filed today (which is the source of the quote above)

  • We continue to advance our own capabilities to change the way we work and make decisions, improve business outcomes and the customer experience, and reduce costs by leveraging new technology and optimizing business processes. Throughout Fiscal 2025, we remain committed to disciplined cost management in coordination with our ongoing business transformation initiatives and will continue to take certain measures to reduce costs, including limitation of external hiring, employee reorganizations, and other actions to align our investments with our strategic priorities and customer needs. We anticipate these actions will result in a continued reduction in our overall headcount. We believe our unique operating advantages provide a foundation to foster growth, drive efficiencies, and continue to position us for long-term success.
  • In H1FY25

o Selling, General, and Administrative — During the second quarter and first six months of Fiscal 2025, selling, general, and administrative expenses decreased 9% and 7%, respectively, driven by a decrease in employee compensation and benefits expense, principally due to a decline in overall headcount.
o Operating Expenses - During the second quarter and first six months of Fiscal 2025, non-GAAP operating expenses decreased 4% and 3%, respectively, driven by a decline in employee compensation and benefits expense, primarily resulting from a decline in overall headcount. The decline in employee compensation and benefits expense was partially offset by continued support of R&D initiatives.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001571996/000157199624000090/dell-20240802.htm

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Post ID: @1vhj+1urA8R8b

Does HR understand how many directors are absolutely frozen with their direction and sales leadership? Seriously, they should do a survey right now. Nothing is flowing down now.

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Post ID: @1nka+1urA8R8b

We anticipate these actions will result in a continued reduction in our overall headcount.

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Post ID: @azd+1urA8R8b

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