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05.31.2007 - Dell to cuts approximately 8,800 Jobs (10% of workforce)

View News related news. Dell, the world's second-biggest personal computer maker, on Thursday announced plans to cut nearly 10 per cent of its workforce as part of a cost-cutting drive.

The move marked the latest step in a turnround designed to revive the company's fortunes. Dell's stock price has fallen sharply over the past two years as it has struggled against slumping sales and falling margins.

News of the cull, which will affect about 8,800 jobs over the next 12 months, came as Dell reported better-than-expected first-quarter sales and profits.

- View Press Release
- Visit Dell, Inc.
- Source The Financial Times Ltd

NID: 16233 / Submitted by: TACKtech Team
Categories: Press Release
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