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Tag: Dell Technology

Dell technologies slash workforce by 10%
News

Dell technologies slash workforce by 10%

Dell Technologies announced a 10% reduction in its workforce for fiscal 2025, according to its latest annual report released on Tuesday. The company reported approximately 108,000 employees as of January 31, down from about 120,000 the previous year, as it continues efforts to streamline operations and reduce costs. These measures include limiting external hiring and […]

Dell reports data breach, assures customers of limited impact
News

Dell reports data breach, assures customers of limited impact

Technology giant Dell informed its customers on Thursday of a data breach involving customer names and physical addresses. Dell disclosed that it was investigating an incident concerning a Dell portal housing a database containing select customer information related to purchases, TechCrunch reported. The breached data encompassed customer names, physical addresses, as well as Dell hardware […]

Dell technologies slash workforce by 10%
News

Dell lays off workers over PC demand drop

Dell Technologies disclosed a reduction in its workforce as part of a comprehensive cost-cutting initiative, which involved measures such as restricting external hiring and reorganizing employees in a filing released on Monday. As of February 2, 2024, the company’s workforce stood at nearly 120,000 employees, down from approximately 126,000 the previous year. The decision to […]

Dell hits record six-year high as share rise 30%
Tech

Dell hits record six-year high as share rise 30%

Melvin Onwubuke Dell is enjoying its best run in the stock market since the founder Michael Dell brought the company back to the stock market in 2018. Shares of the PC and server manufacturer soared 30% on Friday to $121.88, after the company posted fiscal fourth-quarter results that surpassed estimates, according to CNBC. For the […]

Dell Technologies CEO Michael Dell's network hits $68.3bn
Business

Dell Technologies CEO Michael Dell’s network hits $68.3bn

The CEO of Dell Technologies, Michael Dell, has watched his fortune increase dramatically as the company’s market value reaches an all-time high. According to Bloomberg estimates, Michael Dell has a net worth of $68.3 billion, making him the 18th richest person on the planet. After releasing better-than-anticipated financial results and outlook, the price of Dell […]