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dell to continue laying off employees this year

2024-09-11

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image source:Wikipedia

dell said in a regulatory filing on september 10 local time that it will continue to lay off employees this year to control costs, and concerns about the prospects for a recovery in demand for personal computers and profit margins for artificial intelligence servers remain lingering. dell said that in the fiscal year ending february 2025, measures such as restricting external recruitment and job restructuring will "result in a continued decline in the overall number of employees."

dell is actively expanding sales of high-performance servers used in the field of artificial intelligence. in the most recent quarter, dell said that the increase in ai server sales hurt its profit margins, but profits improved compared with the previous quarter. in addition, dell's personal computer business did not recover as expected after two years of decline.

dell reported second-quarter revenue of $12.4 billion on august 30, down 4% year-on-year and slightly below expectations. commercial pc revenue was basically flat, while consumer pc revenue fell 22% year-on-year.