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The company joins a raft of U.S. companies ranging from Goldman
Sachs to Alphabet Inc that have announced thousands of job cuts
recently to help ride out a demand downturn as consumer and
corporate spending shrinks due to high inflation and rising
interest rates.
"What we know is market conditions continue to erode with an
uncertain future," co-Chief Operating Officer Jeff Clarke wrote
in a memo to employees.
Dell's moves so far to navigate a challenging economic
environment, including pausing external hiring, limiting travel
and reducing outside services spending, were "no longer enough",
Clarke said in the memo, which the company made public.
Layoffs in the United States hit a more than two-year high in
January as technology firms cut jobs at the second-highest pace
on record to brace for a possible recession, a report showed on
Thursday.
Dell had about 133,000 employees as of Jan. 28, 2022, of which,
about one-third were based in the United States.
The news was first reported by Bloomberg News earlier on Monday.
(Reporting by Shivani Tanna and Eva Mathews in Bengaluru;
Editing by Savio D'Souza)
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