Rumour has it that 80k is the number, and assuming we are 107.5k employee base; we are looking at ~25% reduction. We are in this situation because of poor leadership decisions post Covid, when we were hitting $100bn+ revenue 3 years in a row, all the opinc benefit was used to promoting the execs and creating more layers, right from NA / INTL structure to having multiple president’s reporting to a president and SVPs reporting to a SVP and VPs reporting to a VP was how that money was wasted and today we are paying a price and desperately trying to save the day. If only the leadership team was a bit pragmatic and made investments and innovated we could’ve avoided this situation we are in today. Who’s going to take ownership of such poor judgement, highly likely nobody will!
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This is truly a compelling post, come to think of it Dell is like a mafia movie, everyone is busy marking their territory with adequate head count and budget for promos, T&E expenses.
When there is a faceoff the weaker org will collapse like a pack of deck and the ones that are strong enough to survive (because they su-k up pretty well), live to fight another day.
None of the decisions or org changes in the last 5-6 years has made any sense. As a seasoned sales rep we find ourselves in such difficult situation every time there is a change in GTM or account alignment; coz it questions the stability of building relationship’s, which is exactly where other companies hit a home run.!
Last years was at around 13 K and and it sounds more than that for this year ... You can find out that after the earning report from 10K
Don't forget that any HC totals include assumptions for significant mix shifts from US jobs to "low cost regions". Job losses will be magnified in the US.
Yet they are hiring in bulk now. Make it make sense!
Dell is not below 90k, just south of 110k now.
i wrote this already, and not confirmed, but allegedly we are already below 90k, dont know if this is true.
Vulture capitalism will feed on carcasses, but it also ain’t gonna turn its beak up at filet mignon.