Dell Says Laying Off 10% Of Workers Not Enough

Vasanth Sridharan | April 3, 2008 1:25 PM

Last year Dell said it would cut 8,800 jobs, or about 10% of its workforce. Now it's saying that's not enough.

How many more? Dell won't say:

To accomplish the cost cuts, Dell said the company is taking the approach that the company has no fixed costs.

"Every area of the company is being pursued," he told analysts.

That has to make for happy workers! But perhaps happy shareholders: CFO Donald Carty said that Dell plans to repurchase another $1 billion in shares this quarter, on top of the $4 billion it bought back last quarter.

So far 5,500 jobs have been cut, but the company has added jobs in sales, bringing the net reduction to 3,200. And 1,000 more being cut this quarter.

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13 Comments

Gordon said:

Apr. 03, 4:34 PM

do what you need to do to get this stock to the mid 30s

GI said:

Apr. 03, 6:46 PM

More suprising to me was their statement that they are moving even further away from the built to order model. Wasn't that the technical innovation that led to their trouncing of Compaq, Gateway and HP back in the late 90's? How did this suddenly become a bad practice?

GI said:

Apr. 03, 6:46 PM

Gordon said:

Apr. 03, 8:29 PM

>More suprising to me was their statement that they are moving even further away from the built to order model.

where is this statement? i think built to order will remain the far majority of their sales focus, silly. they are just looking for more sales beyond BTO.

dennis (URL) said:

Apr. 04, 5:45 AM

You should have known that lay off was coming sooner or later because no job last forever. I found that out the hard way so now I know that I will be wasted my time looking for a job when I can find myself a home business and work for myself and make myself wealthy instead of making corporations rich. If you're like me and got laid off then you owe it to yourself to look into a home business for yourself. A home business will make you wealthy not rich but wealthy. As you know eBay is the largest online business in the world. How would you like to have your very own business working for eBay by giving away their free software for free and get paid $25-$35 for each software that you give away for free to anyone in the United States, Canada, and 30 other countries. Could you give away software to 100 people? 1000 people? 10,000 people? Or more people. Your success is really as simple as that. EBay will pay you to help give away their eBay certified software for free and you get paid $25-$35 for each software you give away through eBay's affiliate program without having to ever sell or buy a thing. Plus you would get 50% to 75% of the revenues on every sale generated through their software, not just once, but each and every time a sale happens, for life. It's like having your very all ATM on everyone else's computer if you want to make a fortune by giving away the hot new eBay certified software then visit my website, it had all the information that you need. If you have any questions, please e-mail me, and I would do my best to help you succeed. You don't need to work for someone else, work for yourself.
Thank you for your interest and enjoy your new found wealth
Dennis
mdlh@tx.rr.com
214-256-4860

Geoff (URL) said:

Apr. 04, 10:12 AM

That`s a pity. I wonder if saturation point in the computer is now being reached, or is it down to cheaper imports forcing prices down?

John McLaughlin (URL) said:

Apr. 08, 3:54 PM

Meanwhile DELL stock sleeps at all time lows $19 buckeroos

Time to innovate or die?

John McLaughlin, Day Traders - Consultant / Coach
www.DayTradersWin.com