“Bloodbath” is right:
Two sources have told us Dell is starting the expected huge layoff programme this week, claiming numbers will be north of 15,000.*
The company is returning to private ownership to restructure its operations in the wake of a falling PC market, a commoditisation of the server market and a perceived need to better serve enterprises with their ever-increasing mobile and cloud-focused IT requirements.
We heard from people close to the Round Rock Dell HQ area that Dell management has every conference room booked, and every HR person and security staff member is at work. There are cuts in all departments, according to one of our sources, who says some of these have already been downsized and are now being told to cut 15 per cent more heads.
We hear the worldwide layoff number is now greater than 15,000 people.
Our insider commented: “It’s going to be a bloodbath.”
According to Wikipedia, Dell currently employs nearly 109,000 people.
H/T to Tyler Durden who adds, “Curious why Michael Dell was so eager to take the company he founded private? So he could do stuff like this without attracting too much attention.” Oh, this will get plenty of attention.