Printed from http://www.electronista.com

7,000 Dell employees to be cut amid high revenues

updated 06:10 pm EDT, Thu May 31, 2007

7,000 Dell employees cut

Dell is planning to lay off 10 percent of its workforce -- approximately 7,000 people -- despite having just stated Q1 2007 profits of $947 million, earning stockholders $0.34 per share. The employees will be cut over the course of the next year, and in numerous regions and roles, though there is no indication of whether any managers will lose jobs or pay. The primary reason cited for the layoffs is "competitiveness," which the BBC News reports is related to the increasing sales of Hewlett-Packard. Dell recently signed a pact with Wal-Mart, but it has had numerous other troubles in the past year, most recently a fraud lawsuit filed by New York's Attorney General.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Samsung SmartCam HD Pro

Keeping an eye on the home while out and about these days is common practice, assisted by modern technology. Internet cameras became p ...

Fugoo Bluetooth speaker

It's rare to find a Bluetooth speaker that can cover a large array of needs. Generally, speakers are wrapped in a desktop-convenient d ...

Epson LW-600P

Label makers are traditionally simple machines that perform a single task which people feel they can either live with or without. In m ...

Sponsor

toggle

Most Commented

 
toggle

Popular News