Dell Technologies will join the ranks of technology companies slashing jobs as the computer maker will shed 6,650 positions, according to a published report on Monday.
Citing a company spokesman after seeing a memo, Bloomberg reported the job cuts. Jeff Clarke, co-chief operating officer, told employees that the current conditions will “continue to erode with an uncertain future.” The job cuts amount to 5% of its workforce, the report said.
Dell
DELL,
shares have gained 5% this year, underperforming the broader 15% rise for the Nasdaq Composite
COMP,
Rival computer maker HP
HPQ,
said it would cut up to 6,000 jobs, one of several tech companies to announce layoffs.
The tech sector pink slips have yet to show up in the government’s jobs report, as the Labor Department reported a blockbuster 517,000 rise in nonfarm payrolls for January.
Source: https://www.marketwatch.com/story/dell-to-cut-6-650-jobs-report-says-11675671372?siteid=yhoof2&yptr=yahoo