Trends
Dell layoffs hit 13,000 in 2023, double the number claimed
Dell has 120,000 employees, about 13,000 fewer than at the start of 2023, meaning it has nearly doubled the number of layoffs as it claimed.
Headline
Dell has 120,000 employees, about 13,000 fewer than at the start of 2023, meaning it has nearly doubled the number of layoffs as it claimed.
Context
Dell revealed this week that it has 120,000 employees, about 13,000 fewer than at the start of 2023. That means it cut nearly twice as many jobs as it previously said. That revelation was somewhat obscured yesterday by a 198-page 10-K filed by the IT giant with the US securities regulator, the Securities and Exchange Commission (SEC). As of February 2, Dell had 120,000 employees on its payroll, it told regulators. On February 3 of last year, Dell said it had 133,000 employees, and while it has since announced layoffs, the 13,000 job cuts are much larger than expected.
Evidence
Pending intelligence enrichment.
Analysis
“Throughout fiscal year 2024, we continued to take certain steps to reduce costs, including restrictions on external hiring, employee restructuring and other actions,” Dell wrote in its SEC filing. “Despite these difficult decisions, we continue to focus on empowering our employees and attracting, developing and retaining talent.” Also read: Sony SIE announced global layoffs of 8% of its total workforce Also read: News: Google’s CEO faces employee questions about layoffs
Key Points
- Dell has about 13,000 fewer employees than at the start of 2023, meaning it has nearly doubled the number of layoffs claimed.
- Although Dell has publicly said it plans to cut jobs before, the 13,000 figure is still far more than expected.
- The emergence of AI-enabled systems will clearly revitalise the PC market, which will be a huge boon for Dell that might be able to solve its current woes.
Actions
Pending intelligence enrichment.
