Dell to save $3 billion, shut Austin plant, cut 8800 jobs

Dell Inc said on Monday [31 Mar 2008] it plans to save $3 billion annually over the next three years by closing its Austin, Texas desktop computer manufacturing plant and cutting thousands of jobs. Dell, the world's second-largest PC maker after Hewlett-Packard, also repeated its goal of cutting 8,800 jobs, or about 10% of the work force, and said it will review "ownership alternatives" for its Dell Financial Services business. The company said it had already eliminated 3,200 of the targeted jobs. The company also said it would reduce costs in design, manufacturing and logistics, materials and operating expenses.

- Dell had already indicated last year [Jun 2007] that they would chop 8800 jobs this year. At least they are consistent about the size and timing of their mass layoffs. With a recession looming, or we are arguably in one already, it looks like another mass layoff wave is coming as companies continue to shed thousands of jobs, especially in the financial sector.

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