Layoffs during the end of Q4 is a normal annual ritual in Dell. No prizes for guessing if it is going to be any different this year Jan. This year will be all the more crucial for Dell to reduce non performing liabilities as they have done poorly especially in Storage.
Exactly what @QQsH3We-1omz said. If you are not preparing to possibly be affected in January, then you haven't been paying attention. Not only will we have layoffs, they'll be major ones.