Dell to cut 8,800 jobs

Posted on Tuesday, Apr 01 2008 @ 10:30 CEST by Thomas De Maesschalck
PC maker Dell announced a plan to save $3 billion over the next three years by cutting costs and laying off employees. The firm will close its desktop manufacturing plant in Austin, Texas and will cut about 10 percent of its workforce:
Dell Inc. is also reaffirming its plan -- announced last year -- to cut at least 8,800 jobs, or about 10 percent of its work force. In the last nine months of fiscal 2008, the Round Rock, Texas-based company cut 3,200 jobs.

The company plans a broad range of cost cuts in design, manufacturing and logistics, materials and operating expenses to stay competitive.

Dell is also reviewing alternatives for its financial services business, especially its consumer and small to medium business revolving credit financing receivables.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

Loading Comments