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Dell to Cut 5% of Workforce

February 6, 2023

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Dell Technologies Inc. said it is cutting about 5% of its workforce, the latest technology company adding to a wave of layoffs as interest rates rise and financial conditions tighten.

The cuts would amount to some 6,600 jobs, based on the 133,000 total workers that the company reported having in early 2022, its most recent disclosed figure.

“Market conditions continue to erode with an uncertain future,” Jeff Clarke, Dell’s co-chief operating officer, said Monday in a memo to employees. He said the company had already paused hiring, limited employee travel and reduced spending on outside services. Those steps, he said, “are no longer enough.”

Read More on The Wall Street Journal