Friday June 15, 2007 
Friday June 15, 2007
Dell to lay off 8800 (10%) of workforce
Dell released preliminary earnings Thursday [31 May 2007] showing positive signs in its servers unit, but announced it would lay off 10% of its workforce over the coming year. With a current worldwide workforce of 88,000, approximately 8,800 employees will be let go over the next year as Dell tries to trim costs.
Dell has been attempting to turn itself around in the last year after losing its lead as the world's largest PC maker to Hewlett-Packard in 2006. It's seen heavy turnover in leadership, including the return of founder Michael Dell as chief executive, replacing Kevin Rollins.
Dell is also in the middle of an SEC investigation into its accounting practices. In its earnings announcement, Dell said it has incurred $46 million in costs related to the federal probe. The investigation is ongoing, preventing the company from filing anything more than preliminary reports for the previous three fiscal quarters.
See also :
1. Dell opens call center in Philippines
2. Dell profit drops 51%, comes under SEC review
(2007-06-15 12:34:34 SGT)
[Biz]
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