Dell Technologies is planning to cut job of employees owing to the declining growth during Covid-19 pandemic.
Dell Technologies has more than 165,000 employees globally. In August, Dell Technologies said more than half of the employees will continue to work remotely even after the end of the coronavirus pandemic.
Amit Midha, president, Asia Pacific and Japan, said Dell created a real-time data driven dashboard known as the Inversed Risk Matrix, which is aimed at helping the company assess the situation and take appropriate decisions on whether to return to office or their respective sites.
Amid news on job cut, Dell Technologies is hiring employees, according to its website. Dell Technologies has posted jobs.
Dell Technologies reported 3 percent drop in revenue to $22.7 billion and 75 percent dip in net income to $1.1 billion during the second quarter of 2020.
Dell Technologies chief operation officer Jeff Clarke informed the upcoming job cuts in a quarterly all-hands meeting.
“We’re also evaluating our business to make sure we have the right number of team members in the right roles and in areas where customers need us most,” a company spokesperson said in a statement.
“We’re addressing our cost structure to make sure we’re as competitive as we should be now and for future opportunities. While we do this type of organisational review regularly, and while it always results in some job loss or restructuring, we recognize that there is nothing routine about today’s environment.”
In an open letter to staff last month, CEO and founder Michael Dell warned that there would be no return to pre-pandemic norms for the foreseeable future.
In May, Dell said it would be cut costs, freeze pay raises and hiring for the rest of the fiscal year, as well as discontinuing contributions to employees’ 401(k) retirement plans under a matching program.
In the same month, Arvind Krishna-led tech giant IBM joined the league of companies who started eliminating employees to address revenue issues during Covid-19 times.
“Recognizing the unique and difficult situation this business decision may create for some of our employees, IBM is offering subsidized medical coverage to all affected US employees through June 2021,” said a company spokesperson.
IBM, however, did not disclose how many workers are affected but media reports said thousands of employees were set to lose jobs in at least five states of the US.