Susannah Streeter, market analyst at Hargreaves Lansdown, said, “Given how sensitive the company is to both consumer and corporate confidence, it was only a matter of time before a wave of tech layoffs reached Dell’s shores.”
As of January 28, 2022, Dell had approximately 133,000 employees, approximately one-third of whom were located in the United States.
The news of the layoffs was first reported by Bloomberg News on Monday.
Shares of Dell were flat before the bell.