Thread regarding Dell Inc. layoffs

@3biw+1iyaKKTy
you should be laid off.

Get to worker and stop whining.

1. Stock goes up or down at the whim of Wall Street. If your earnings disappoint them, your stop drops, even if your earnings are down as little as 1% or even less.
2. The economic slump is hitting everyone across all segments, and technology, which enjoyed a huge boost in client/endpoint technologies as a result of Covid, and last year because of pent up demand, is now slowing because the projects most customers are interested in require big dollars.
3. IT customers are evaluating OPEX vs CAPEX models and many have put projects on hold until they can evaluate which model works best for them. This impacts hardware manufacturers significantly and will likely slow customer investment, particularly for companies that don't have a flexible consumption solution.
4. This also impacts VARs, system integrators, and others who depend on hardware resale and services for their income. They need to have a digital transformation strategy, and the transformation needs to start with their own business, or they can't help their end users with theirs.
5. Dell is one of the last companies to respond to market conditions with a layoff strategy. As a Dell employee, and a mid-level manager, I've seen Dell implement other cost-cutting strategies before turning to work force reductions as a solution.
6. Never forget business is a business. While many companies have a "people first" strategy, including Dell, the priority is to stay in business, provide returns to shareholders, and live to fight another day. Sometimes, that includes letting go of people in areas with a surplus (where cost vs. revenue generated per head don't make business sense), or even divesting middle Managers and asking Sr. Managers or Directors to take on additional responsibilities.
7. As someone else pointed out, this too shall pass. Panic and knee-jerk responses only create bigger problems by freaking people out unnecessarily. The job market is good, and while it may suck to have to find another job, they are out there. With the right attitude, getting laid off can present a great opportunity to grow.
8. No, I didn't get laid off in this round.
9. Yes, I have been laid off from other companies, and it does absolutely 100% suck.

are they cooking the books like enron?

Perhaps there is alternate ways to count revenue as done previously.

https://www.nytimes.com/2010/07/23/business/23dell.html

A new 52 week low.

52wk Low

36. 785

like they said,,,they work for a Dell competitor...enough said

"If we're headed towards recession, then this may be an entirely different recession where people are still buying a lot."

Do you know the definition of a recession? That's the most boneheaded thing I've ever heard...

Apex as-a-service business has surpassed $1 billion in annual recurring revenue

The unstoppable true cloud

Okay... Dell-competitor employee here... You're being way over dramatic.

I guess you'll never find a new job with that mentality. The only job you'll want is a stock broker who goes off the reverse trend of the stock market.

Everyone is down hard. It won't be like this forever. I'd say everyone will get back on their by 2024 at the earliest. What we're seeing right now is the end of the extreme demand caused by covid with a side effect from inflation and the Russian-Ukrainian War.

The worst way to look at the state of the economy is that we're a very different decline. If we're headed towards recession, then this may be an entirely different recession where people are still buying a lot. It'll be a very slow decline. The economy has to come back up at some point.

the world IS on fire, it's just that it is on fire for everyone.

Dell Technologies' profit received a boost of US$3.0b in unusual items

Yah typical for Dell very non-transparent business model and fuzzy accounting

From company earnings analysis..

Dell Technologies' profit received a boost of US$3.0b in unusual items, over the last year. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Dell Technologies had a rather significant contribution from unusual items relative to its profit to July 2022. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.

Yeah, BUT the entire market is down. Check out the competition. Check out the major indices. The world is not on fire. Try to relax and keep things in perspective.

Jump or be pushed.