Dell Technologies Inc will cut about 6,650 jobs, or 5 per cent of its global workforce, the company confirmed on Monday, as the PC maker grapples with falling demand and braces for economic uncertainty.
The company joins a raft of tech companies which have announced job cuts recently to help ride out a demand downturn as consumer and corporate spending shrinks due to high inflation and rising interest rates.
"What we know is market conditions continue to erode with an uncertain future," the company's co-chief operating officer Jeff Clarke wrote in a memo to employees.
Mr Clarke said Dell's moves to navigate a challenging economic environment, including pausing external hiring, limiting travel and reducing outside services spending, were "no longer enough".
Layoffs in the US hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to brace for a possible recession, a report showed on Thursday.
Dell had about 133,000 employees as of January 28th, 2022, of which, about one-third were based in the US.
The company has been operating in Ireland for over 30 years, employing over 5,000 people across its five sites in Limerick, Cork and Dublin.
The news was first reported by Bloomberg News earlier on Monday. -Reuters
