Dell reduces workforce as part of broader cost cuts

Dell Technologies reduced its workforce as part of a broader initiative to cut costs that included limiting external hiring and employee reorganizations, it said in a filing on Monday.

As of Feb. 2, 2024, it had nearly 120,000 employees, down from about 126,000 a year earlier.

The layoffs come after sluggish demand for its personal computers for nearly two years partly contributed to a 11% drop in revenue in fourth-quarter earnings posted last month.