Dell slashes 10% of workforce, eliminating 11,000 jobs

According to the technology giant’s annual report, as of 31 January the company had 97,000 employees, down from roughly 108,000 the year prior.

This comes after a similar 10% workforce drop in FY25. The filing also revealed the company spent $569 million on severance, compared with $693 million the previous year.

These layoffs come amid wider concerns about AI affecting jobs across the tech industry. Last month the company added that it expects revenue from its AI-optimised servers business to double by FY27.

This follows similar moves by other big tech companies, including Amazon, Meta and Oracle, which have announced layoffs linked to automation and AI.

Earlier this week, it was reported Meta is planning to cut thousands of jobs as it focuses on AI investment.

The technology giant could reduce its workforce by around 20%, affecting around 16,000 employees. If confirmed, it would be Meta’s biggest round of layoffs since 2022, when it cut 11,000 jobs, followed by an additional 10,000 roles being cut in 2023.

According to people familiar with the matter, the layoffs could begin within a month.

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