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September 8, 2016 10:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/999mpUWnGac/dell-to-cut-at-least-2000-jobs-after-emc-acquisition
Dell To Cut At Least 2,000 Jobs After EMC Acquisition
As Dell processes the acquisition of EMC Corp, its largest buyout ever, it plans to cut about 2,000 to 3,000 jobs, people familiar with the matter told Bloomberg. The layoffs are expected to happen later this year, and regions such as the United States will be impacted the most by it. From the report:The reductions are planned for later this year and will be mostly in the U.S. and in areas such as supply chain and general and administrative positions, as well as some marketing jobs, said the people. Dell is looking for cost savings of about $1.7 billion in the first 18 months after the transaction but is largely focused on using the deal to boost sales by several times that amount, the people added. The new company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur. We will do everything possible to minimize the impact on jobs," Dave Farmer, spokesman for Dell, wrote in an e-mail. "We expect revenue gains will outweigh any cost savings, and revenue growth drives employment growth."Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/999mpUWnGac/dell-to-cut-at-least-2000-jobs-after-emc-acquisition
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