Dell Technologies Inc. is set to cut about five percent of its global workforce, amid an “uncertain future” for the computer company.
Dell has taken several measures in recent months to deal with “market conditions.” Those changes included freezing external hiring, limiting travel, and reducing expenses for outside service. In its latest Securities and Exchange Commission (SEC) filing on Monday, the computer company included a letter to employees, admitting that the “steps we’ve taken to stay ahead of downturn impacts” are “no longer enough” and the company would have to make some “resets.”
“Unfortunately, with changes like this, some members of our team will be leaving the company,” Co-Chief Operating Officer Jeff Clarke wrote in a company-wide memo. “There is no tougher decision, but one we had to make for our long-term health and success. Please know we’ll support those impacted as they transition to their next opportunities.”…