Overview

• Internal memos reveal Dell's strategy to consolidate sales teams and cut management layers.
• The layoffs represent approximately 10% of Dell's global workforce, reducing headcount to under 100,000.
• Severance packages include two months' pay plus additional benefits based on tenure.
• Dell's stock has dropped nearly 6% following the announcement, reflecting investor concerns.
• This move follows similar layoffs by other tech giants like Intel, which recently cut 15% of its workforce.