Dell Layoff 2020 Confirmed: India impacted!!

Dell Layoff 2020 is Confirmed; Dell Technologies has confirmed to lay off an unspecified number of employees due to weakening growth in the ongoing Covid-19 pandemic. According to the sources, Dell India Layoff also will start soon as the company has sizeable employee strength out of its over 165,000 global workforces in India.

Dell Technologies Inc. has already notified employees that it will eliminate jobs this week. According to a leading layoff board website, Dell US started layoff, and many employees let go. The firm has declined to reveal the exact number of job reductions. According to a filing, Dell had 165,000 employees as of the end of January,

As published in the Bloomberg, Chief Operating Officer Jeff Clarke told staff during a quarterly all-hands meeting on Monday that the workforce reductions won’t be limited to any particular team or division within Dell.

According to a Dell policy, it does not disclose region-wise employees’ headcount. Dell has multiple offices in India, including Bengaluru, Hyderabad, New Delhi, Ahmedabad, Mumbai, Pune, Chennai, and Kolkata.

According to a Dell India spokesperson, “We are evaluating our business to ensure the right number of team members are in the right roles and in areas where our customers need us most; We are addressing the cost structure to ensure we are competitive for current and future opportunities.” 

Dell Layoff news comes when the Software and IT industry has been laying off thousands of employees in 2020. In India, the IT Industry fired employees on non-performance, lack of projects, and workforce restructuring due to Business impact from Covid-19. Cognizant Technology Solutions has recently laid off thousands of workers in India who were on the bench.

Dell had already announced suspending 401(k) matching and promotions for the fiscal year; however, the company will give remote workers a one-time stipend of $400 for home-office equipment. The company introduced a remote-working plan to its global employees and letting work-from-home as long as they have the manager’s approval. 

As of August 2020, the company had $34.1 billion in core debt, mostly from EMC Corp. acquisition in 2016.

Dell reported $22.7 billion in revenue in the period that ended July 31, with PC sales to consumers jumping 18% while servers and storage hardware declined.