I have been hearing about layoffs in Virtustream. Yesterday, I heard people talking about Layoff in India offices. Can someone please confirm? Anything planned in other geographies?
15 replies (most recent on top)
The problem with the "slash and burn" approach to profitability is it leaves a hollowed out organization behind. The only managers left are those that are good at navigating the internal politics, not at doing their jobs. Add in the reality that most of the good engineers who can find other jobs have long since bolted for less toxic environments, and you're left with a skeleton crew of misfits that might not even be able to "keep the lights on" let alone find work somewhere else. They're just hanging on for the severance.
It will be interesting to see if Rory is able to pull off a sale. I am guessing that word has gotten out on the street about the mess Dell made of Virtustream.
Virtustream is a dinosaur in search of a meteorite.
Rory can't even properly sell the company. What a clown show!
This thread is turning out to be a reliable source of info. I heard meetings this week and in two weeks with potential buyers. Has anyone else heard the same? Also, hearing more layoffs on the way.
Layoffs also across EMEA this month, massive fail on Rory hiring such a useless CTO in Deepak. The internal message as recently as April was ‘ We are great’ which turned to ‘Fit to fight’ and now everyone is waiting for the sell off. Shame on these management fools as they cost families badly . I’m sure a bonus will make them feel better about how badly they have driven the business. Customers know the situation and Michael Dell should be worried for the years ahead.
Engineering completely dismantled, security completely dismantled, new customers given false expectations and are being led into a trap and the only service with support is one with a 20 year old architecture. The message for prospective employees or prospective clients is the same... STAY AWAY.
Can confirm. I heard some in Atlanta and a few CDMs. In the last 4 months 5 people just in the area I sit have either left or been offered jobs by Dell directly and taken them.
I can confirm layoffs yesterday and today. I'm hearing another big round coming in the next few weeks. VS will either be bought or clients moved over to Dell Cloud. If you're a VS employee now, chances are you will not be employed come January.
Massive layoffs yesterday and today. The number I heard was over 1/2 of engineering. Entire teams being dismantled.
What an epic fail by Dell - inheriting Virtustream from Joe Tucci, then realizing way too late what s—ers they were.
Dell has no cloud strategy, or even a basic comprehension of what it takes to compete in this business.
Amazon and Microsoft must be rolling over laughing at Michael Dell.
"Fit to fight" has become "fit for the undertaker."
Virtustream is a complete tire fire right now. Layoffs ever month. Rory is desperately trying to unload the company on some unsuspecting s—er.
I’ve heard that Oct sh-t hits the fan. Atlanta will be closed. Just look at the social media — it’s either healthcare or SAP posts; nothing else is going on. Where’s the VMware on MSFT? Where’s all that energy from VKOM?
The hiring freeze is telling. People quitting in droves and their positions aren’t backfilled, leaving the remaining team members overworked with even lower lower morale and wanting leave. Either they are preparing for the coming recession or preparing for the company’s service offerings to be fully consolidated into Dell.
Either way, I wouldn’t be surprised if management is spreading these rumors themselves so more people will jump ship, accelerating this textbook example of “reducing workforce through attrition”, so they don’t have to pay severance.
Rest assured the upper leadership will land on their feet as they always do, collecting massive bonuses in the process, while the plebs are left wondering how they’re going to feed their families.
Things aren't looking promising. The executive team has all but halted hiring and backfilling of staff. The CTO took a job with Dell Cloud, if that's not a big enough writing on the proverbial wall for you, I don't know what is.
Virtustream layoffs are coming in October.
This cannot be good:
"We did record a non-cash charge of $619 million or $524 million net of tax benefits after a strategic review of our Virtustream business. We remain committed to serving our customers as we reposition the business."
Source - Dell Q2 earnings call transcript.
No need for layoffs now. They have saved money by slashing all of their sales reps compensation plans globally. Not the smartest move...