Punxsutawney Phil, the designated groundhog of Groundhog Day, has predicted six extra weeks of tech business layoffs after rising from his burrow and seeing his personal shadow final week. Okay, so Phil was truly predicting six extra weeks of winter, however that seems to be roughly the identical factor this 12 months. Dell introduced an enormous spherical of 6550 layoffs this morning, the newest in a protracted string of high-profile job cuts from the business’s largest firms.
In line with Reuters, the job cuts quantity to roughly 5 p.c of Dell’s 133,000 world headcount. Each the corporate and the business as a complete is coping with a lull in PC gross sales because the preliminary rush of the pandemic slows to a crawl. Dell had beforehand tried to tighten its belt with a hiring freeze and fewer company journey.
Dell follows Microsoft, Alphabet (Google), Meta (Fb), Amazon, Intel, HP, Lenovo, and dozens of different corporations late final 12 months and into 2023 in making important job cuts. The development is in stark distinction to the roles market as a complete, which is rising at a record-setting tempo in america. The glut of all of a sudden unemployed tech employees is having some unusual results: the US Nationwide Safety Company is now overtly courting former employees at main tech firms.
