Dell Reportedly Laying Off 12,500 Employees (siliconangle.com) 89
"We are getting leaner," said Dell's Bill Scannell and John Byrne in an internal memo to employees on Monday. "We're streamlining layers of management and reprioritizing where we invest." While no official numbers have been confirmed, a source close to the matter told SiliconANGLE that 12,500 layoffs, or about 10% of Dell's worldwide workforce, were planned across the company starting Tuesday. However, that number could be high. "It's unlikely the number is that high because that would typically trigger an SEC filing," said theCUBE Research Chief Analyst Dave Vellante. From the report: Indeed, in February 2023, a 10-K filing with the Securities and Exchange Commission was made for a reduction of about 6,000 employees. The number of new layoffs might become more apparent when Dell files its latest earnings report on Aug. 29, which should show severance and other costs. Dell declined to provide specifics on the layoff. "Through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company," the company said in an email to SiliconANGLE. "We are combining teams and prioritizing where we invest across the company. We continually evolve our business so we're set up to deliver the best innovation, value and service to our customers and partners."
Rumors of layoffs were swirling today on TheLayoff.com website. "Despite whatever person from corporate put in here earlier about this being a 1% layoff, it is in fact larger than that and is hitting services, sales, marketing & engineers," one person said. "Half of my team is gone in marketing and still no coms." Dell has been cutting staff for at least the past year. It laid off a total of 13,000 last year, according to CRN, including the 6,000 in February 2023 and another round in August whose numbers the company didn't specify. The layoffs follow a 15% reduction announced by Intel last week, affecting over 16,000 workers.
Rumors of layoffs were swirling today on TheLayoff.com website. "Despite whatever person from corporate put in here earlier about this being a 1% layoff, it is in fact larger than that and is hitting services, sales, marketing & engineers," one person said. "Half of my team is gone in marketing and still no coms." Dell has been cutting staff for at least the past year. It laid off a total of 13,000 last year, according to CRN, including the 6,000 in February 2023 and another round in August whose numbers the company didn't specify. The layoffs follow a 15% reduction announced by Intel last week, affecting over 16,000 workers.
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Yeah, so much for that "soft landing" after the interest rate increases.
Looks like the recession is coming.
It'ss the usual maneuver to help the stock price. Dell is making good profits but lost its AI shine in last couple of months
Dude! (Score:1)
You're not getting a Dell (paycheck)!
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the recession
Hey! That's enough with the R word. Democracy is at stake.
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You've been watching too much Fox Entertainment lately. (Can't call it News anymore)
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Fox Rage-tainment
Time to spend some karma (Score:3, Interesting)
But Powell is a Republican and there's an election and if he cut rates right before the election then it would devastate his party and he knows it. As usual with Republicans party before country.
This is why down ballot races matter. Biden reappointed Powell but it was prett
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Now that the Democratic Party has finally acknowledged that Biden is unqualified to continue for another term we have definitive proof that they too put party before country
Biden being unfit for the next term doesn't mean he was unfit for this term.
Choosing not to run Biden doesn't mean that he was unfit for the next term (though he was) but that they didn't think they could win with Biden (which they couldn't.)
By the same token, Trump supporters don't give a shit that he was never fit and neither does the RNC. Plenty of Republican lawmakers despise Trump, and they tell us so occasionally (or it's leaked) but they will support him because he is their only chance to win, becaus
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In political conversations....
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In political conversations....
Did you fail to complete the sentence because you failed to complete the thought? Next time, skip hitting the submit button.
Don't feed the trolls (Score:2)
You are expendable to the Republican Party. The sooner you learn that the better your life will be.
Re:"Soft landing" (Score:4, Insightful)
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Has there ever been a time where those in charge are willing to admit there is a recession?
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No, just post-pandemic swings.
When the pandemic came, *everybody* bought laptops for their employees so they could work from home. Now, everybody's *got* laptops, and continue to use them even if they RTO. It's natural that there would be a dip in laptop sales.
Also, businesses are moving to the cloud in earnest now; before the pandemic, there was mostly a lot of lip service given to "lift and shift." This has put a damper on Dell's server business.
Maybe a recession is coming, maybe not. But Dell's woes are
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For cohort that was moved to laptops for the first time due to pandemic WFH, they should be coming on refresh if not already there.
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There are a lot of cheapskate businesses out there that don't replace every 3 years, more like 5-6. Even if some are refreshing now, many others are not. And certainly, consumers who bought laptops in 2020 for the same kinds of reasons, are also probably not replacing them just yet.
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I've owned both Dells and HP laptops and desktops, and in my experience, Dell is superior. I haven't had the experience you have, with Dells going bad before the warranty period.
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My experience with these brands is both in corporate and personal use. The only time my corporate machines run at high CPU levels is when the antivirus does its scan (once a week), or when I'm doing something intense in Visual Studio. I can certainly see how a hot machine would degrade faster.
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Sure, some companies are moving off the cloud, but a lot more are moving to the cloud, resulting in a growth rate of cloud services of 16% per year. https://spacelift.io/blog/clou... [spacelift.io].
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Only an idiot ca deny that this started with Trump. Inflation isn't an instance on-off button that only the current president is responsible for, inflation happens because of past events. Unlike Trump's braggadocio claims that it's just his winning personality that makes the economy run smoothly, actions make a bit difference even if they take over a year to start manifesting.
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Wait wait wait. You are blaming Trump for covid entering the country when the California Democrats were busy pushing back against his blocking of Chinese (Where covid came from..) from entering the country. But it's Trump's fault. Sure. smh
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inflation was neither Biden's nor Trump's fault really. It was mostly caused by the Ukraine war.
shhhhhhh [epi.org]
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Dell has been persistently laying people off since 2020. This is just the cull that was started with the RTO mandate (for a company that had been remote work for most roles for about the last 20 years) and they're just cutting the number that didn't quit due to the RTO mandate.
This really has nothing to do with anyone's partisan politics. Dell had been planning layoffs starting in 2020 since the EMC merger in 2016. I don't think they were planning back then to get rid of quite so much of their workforce but
Getting leaner (Score:2)
If they're not careful, they may die of starvation from all that "getting leaner".
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Maybe they should try dropping some of those expensive office buildings instead of trying to force everyone to RTO. I'm willing to bet a lot of those people didn't need hands-on time with things that need to stay in the company building.
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When lean enough they are going to be gobbled up by Broadcom.
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This has nothing to do with the wider economy. This is a Dell thing. Post-pandemic, everybody still has the laptop their company bought them to WFH. Cloud services are sapping some of Dell's server business.
And...this economy is only bad compared to the white-hot demand there was in the pandemic for workers. Historically speaking, it is indeed quite good. It used to be that 7% mortgages were *normal* and 5% unemployment was considered impossibly low.
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5% unemployment was considered impossibly low..
thats because your (United States) official unemployment figures don't actually measure unemployment.
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No statistical measure ever truly measures what it purports to measure. That's how statistics work, there is always a margin of error. But the numbers collected by the BLS at least are thorough and follow a well-defined process, and can be compared from one period to the next. And that is the real value of statistics. We can see when the numbers go up and when they go down, and we can have some confidence that those fluctuations tell us something useful.
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the numbers collected by the BLS at least are thorough and follow a well-defined process, and can be compared from one period to the next. And that is the real value of statistics.
That's the real value of real statistics, but another, less real value is that you can lie about what they say in order to create false impressions. And that's how the U-2 unemployment rate is used; it is unironically reported as "unemployment is low" when it is well-known not to actually measure unemployment.
It's also worth noting that the U-2 rate is well known not to be a real statistic, and in fact it's totally worthless for the purpose you describe, because the U-2 rate becomes a bigger lie the worse t
I thought I was bad at math (Score:2)
Then I got modded down by someone who really can't do it, so they think the U-2 rate is real
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This reasoning seems incoherent, and certainly isn't based on any authoritative sources. The methodology behind U-2 and the other statistics, is well-documented and based on sound economic principles. Of course, people might argue with them or have favorite measures, but this is not the same as being random numbers that people can "lie" about to suit their purposes.
The reason people are no longer counted when they have been unemployed long enough, is that those people are considered to be no longer looking
Re: But ... but ... (Score:2)
"The reason people are no longer counted when they have been unemployed long enough, is that those people are considered to be no longer looking for work."
Yes, and that was always wrong, and they knew it was wrong, it was based on a lie about always being able to find work faster than that which was never true for everyone.
It's unclear why you would defend that, when it is so obviously false. I can only conclude that you like lies.
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There is a set of people who truly don't intend to get a job. Retirees and care givers, for example.
Some of these people could be enticed back into the job market, if the exact right opportunity came along, or if pay was amazing. So maybe they weren't really "off the market."
Some people who say they are "looking for a job" are looking for something so specific, or so lucrative, that nothing will ever fit the bill. So maybe they really aren't looking for a job.
How do you statistically distinguish between the
Re: But ... but ... (Score:2)
"There is a set of people who truly don't intend to get a job. Retirees and care givers, for example."
I was out of work for a year and three months between my last job and this one. Three of those were due just to the hiring process where I wound up working. I had a gap in my work history due to self employment and no credit score thanks to identity theft. (I *just* got a score again... It's about 760 so at least I've made a good recovery.)
I've heard many stories of many people looking for a lot longer than
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I have no problem with quibbling over the length of time before someone stops being considered "unemployed." It's reasonable to dispute that threshold or point out exceptions to the rule. That room for debate doesn't at all invalidate the U-2 unemployment index as a valid measure. It's flawed, sure, but not invalid or a "lie."
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That room for debate doesn't at all invalidate the U-2 unemployment index as a valid measure. It's flawed, sure, but not invalid or a "lie."
If it's based on a metric, then that metric has to be updated. Much like the federal poverty level, or the maintenance need amounts, it's nonsense. The question of whether it's even a valid way to measure unemployment is also valid. Obviously there are lots of bad metrics (trying to use the labor participation rate alone is clearly also nonsense for example) but the idea that you can tell how many people are unemployed in this way is inherently flawed to start.
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I can see that you are a purist. If the measure isn't perfect, it can't be used.
The truth is, there is no such thing as a perfect measure.
Perhaps you should suggest a better measure. Maybe a different measure already used by the BLS would suit you better. https://dol.ny.gov/system/file... [ny.gov] But no, I forgot, you are smarter than those guys, they are just trying to make the numbers lie, in order to keep regular people like you from succeeding.
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What I want (although you didn't ask) is for them to use one of the metrics which already exist which are superior.
But go ahead, keep making shit up for the sake of your argument.
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What specific metric are you referencing, that already exists and is superior?
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For one thing, literally any of the other U-? rates that they use would be more accurate than the U-2.
Obviously.
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Fine. They do indeed use all of the U-? measurements, for different purposes, and different groups have different reasons to use different versions of those. I'm not sure why you're so bent out of shape about U-2. It is *not* the only measure that is considered.
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I'm not sure why you're so bent out of shape about U-2. It is *not* the only measure that is considered.
It is the number that is publicized, reported, and bragged about. Therefore it is being presented as fact when it is known to be bullshit. That is what I am "bent out of shape" about.
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Like everything, you have to understand definitions. It's not BS, it functions exactly as defined. It might exclude people that you think shouldn't be excluded, but that's your preference, it doesn't make the number "false." U-2 communicates exactly what it claims to communicate.
Dell did private then public to make Michael happy (Score:5, Informative)
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I am trying to understand your point. Michael Dell has an incentive to do things that make himself rich. Just like everyone else. So...why wouldn't he?
He never presented Dell as a charity, after all. So, what incentive does he have to do things that would make other people rich, instead of himself?
I suspect (but I am unsure and may totally be wrong here) that you might be taking the position that rich people are morally corrupt when they do things that make themselves richer. Well, maybe so, but pointi
Re:Dell did private then public to make Michael ha (Score:5, Interesting)
I wonder how external events affected this decision.
Next year Windows 10 is reaching EOL, so there is a good chance that demand for new machines will rise as people are forced to replace them.
But right now Dell has a massive liability - two generations of Intel CPUs that at best need to be slowed down, and at worst will require the entire computer to be RMA'ed. For desktops it might be worth doing a CPU swap, for laptops they will be a write-off as it won't be worth manufacturing a new motherboard and installing it.
Maybe that's the root cause. They are expecting a massive hit to their bottom line from warranty replacements as news of Intel's screw up spreads, and the inevitable class action lawsuit over reduced performance.
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Dell is the same company that went private to let Michael Dell get rich, then go public a few years later because it will make Michael richer. This is the same thing with the 12,500 layoffs, because it makes him rich and happy. https://www.pcmag.com/news/bre... [pcmag.com]
And this is different to other companies... how?
I'm not really sure anyone goes into business without a goal to make money, well at least anyone who wants to stay in business.
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So, companies and people shouldn't try to make money and get rich?
There's no management left to fire (Score:2, Interesting)
Management was initially formed to keep tabs on employees to prevent unionization. When Reagan broke the unions in the '80s there was no longer any need or reason to keep management around in that form. They no longer serves the purpose they were created for so instead yo
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Don't forget (Score:5, Insightful)
Something Missing In This Thread (Score:2)
No posts ranting about all of the Return To The Office threats that were made by Dell management actually being a stealth layoff
What got borked at /. to prevent those posts ?
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https://slashdot.org/comments.... [slashdot.org]
FTFY
Remember the stealth layoffs? (Score:2)
https://slashdot.org/story/24/... [slashdot.org]
Now the layoffs are out in the open.
Finally catching up... (Score:2)
Dell laptops have been shit for years - bad CPU, horrible GPU (usually Intel integrated), bad disk - everything to save a dime. My work laptop I can buy with a better processor and 256GB more disk for $269 at Microcenter...I work with CAD, where GPU is actually important, but they keep buying Dell, even though we say GP-GPU will increase our productivity and Intel Integrated is horrible. I worked for Compaq when they went through a similar transition and they shot themselves through the foot with a 10 gauge
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Laptops are a commodity. Everything you have said applies to every other computer manufacturer. You make no mention of Alienware or their XPS models, which have top of the line CPU, discrete graphics usually of Nvidia variety, and NVME storage. You pay a pretty dime too.
Your beef is with your company which obviously is not spec'ing out your workstations correctly. Not with dell. Dell probably sells them that laptop for $50/unit with tons of additional software/services. You don't seem to have a good gras
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If you're doing CAD and you use Dell notebooks, you should be getting the Precision Mobile line, which are definitely available with NVIDIA GPUs. The Latitude line used to be available with discrete GPUs as well (I'm still using a Latitude 5591 with an NVIDIA GPU), but they seem to have removed the option there now.
What kind of jobs? (Score:3)
Can anyone elucidate?
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Email we got yesterday (Score:1)
Our company has also decided to conduct a round of layoffs. Here's what the email said:
"In order to maximize collaboration, engagement, and productivity during the coming hard financial times, we are ending our hybrid work policy and returning to a fully in-office culture, effective September 1. All employees must return to a fully in-office working schedule on or before that date. All employees who live more than 50 miles from [redacted] have 90 days to either relocate to within 50 miles of [redacted] or v
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Why do they care how far away you live, as long as you show up every day. I commuted over 50 miles for years and still showed up every day.
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Why is anyone surprised? (Score:5, Interesting)
Seriously, why is anyone surprised by any of this?
Dell merged with EMC in 2016. Right then they already had a nascent plan to cut workforce. They were still hiring but put the brakes on to slow it down mostly because they were still in growth mode in the datacenter mostly with their server business. But even by 2018 it was obvious (and rumoured around the Dell offices) that layoffs were coming especially as hiring had slowed and the server market was already seeing an impact of cloud computing taking over what had once been "safe ground".
In mid 2019 Dell basically froze hiring but never really said as much publicly. They still had job posts but it was interesting to note that a lot of these job posts didn't seem to have actual reqs on the back end to fill.
Dell started their planned layoffs in 2020. I know; I was one of them. We all knew it was coming and none of us was surprised. Hell, I was only surprised that I got laid off in August instead of the expected April... I guess the pandemic made them push the layoffs due to optics. They haven't gone a single year without layoffs since.
And this layoff is just the cull they wanted to do anyway when they announced the RTO mandates last year and REALLY started pushing them this year. Bear in mind Dell had been a remote-work-for-almost-everyone company for 20 years until the EMC merger... EMC had a strong office culture while Dell was all remote workers. Most people still at Dell weren't equipped for the office; they often live FAR from an actual facility. Hell, when I worked for Dell my closest facility was a 5 hour drive or a flight away; I only went there once a quarter for a few days for meetings. The RTO mandate was the sign to most of these people that the cull was coming and a lot of them quit, but a good portion of them "quiet quit" and just refused to RTO.
This cull of employees is just the cleanup of the RTO mandate... this was the balance of people they had hoped would quit and didn't.
There are more layoffs to come. Don't be surprised.
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employees are a resource (Score:2)
If a business throws out resources instead of applying them to good use, we're suppose to pat them on the back and tell the CEO "good job buddy!"
no loss (Score:2)
They can lay off all their tech support, if the support I got is any indication.