Skip navigation

Gloucestershire Business News

Dell cuts 6,650 jobs as working from home boom ends

Laptop and PC maker Dell is cutting thousands of jobs as the pandemic's working from home boom ends.

The US technology company said it would lay off 6,650 jobs - about 5% of its workforce - warning that market conditions "continue to erode with an uncertain future", The Telegraph reported.

Dell was founded by entrepreneur Michael Dell in 1988 and is valued at around $30bn (£25bn). The tech giant sells consumer laptops, desktop PCs and monitors, as well as IT software and infrastructure aimed at businesses.

The company enjoyed a surge in revenues and profits during the pandemic as spending on personal computing and IT gadgets soared.

But demand for new PC hardware has been falling as businesses call staff back into the office, while consumers are spending less on new gadgets amid the economic slowdown, The Telegraph said.

Other IT giants have also begun cutting staff in response to a slowdown in consumer and business demand for new PCs and IT hardware.

In November, Dell rival HP said it would reduce its headcount by around 6,000 people, or about 12% of its workforce.

IBM, which makes mainframe PCs for businesses, said last month it would cut 3,900 jobs, or about 1.5% of its people.

Shares in Dell fell by around a third in 2022 amid a sell-off in technology stocks as the pandemic-fuelled demand for digital technology waned.

Related Articles

Calls to reject plans for 24-hour gambling centre Image

Calls to reject plans for 24-hour gambling centre

A campaign has started in Cheltenham to stop a 24-hour gambling centre from opening.

Cocktails and cakes mark No.1 Cotswolds' half birthday Image

Cocktails and cakes mark No.1 Cotswolds' half birthday

Food, drinks and crafts venue gets into its stride.

Asda profits plunge Image

Asda profits plunge

Asda has reported a big drop in profits for 2022, but its owner has described it as a ‘highly resilient’ performance.

TIC+ awarded £57,000 grant to improve mental health of boys in Gloucestershire Image

TIC+ awarded £57,000 grant to improve mental health of boys in Gloucestershire

Gloucestershire-based charity TIC+ has been awarded a £57,000 grant to address the gender imbalance in accessing mental health support.

Copyright 2023 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.