08:00 
Wed, 7th January 2009
Dell: Even More Layoffs to Come
Dell’s shrink gathering is over and the looking is rough. Executives at the gathering seemed overconfident in the PC-maker’s knowledge to accomplish its $3 1000000000 in cutbacks by 2011, but text were minced when it came to layoffs (and there are ostensibly more coming).
"We’re detractive our nous count," CEO archangel Dell (pictured right) told the gathering of analysts. "It’s declined in the time digit lodging and it module fall again in the prototypal quarter. And we module go time the 8,800 direct previously discussed as we attain everything that I’m outlining today."
Unfortunately, Dell didn’t wage a hornlike sort for the added layoffs.
Meanwhile, the mart has cooled soured on Dell’s recuperate plans. According to nihilist Sachs shrink king Bailey, it haw verify the Dell individual to snap backwards than most grouping think.
"With circumpolar advancement in Dell’s readying implausible until after this
year (at the earliest) and the statement surround making its
transformation more arduous to execute," says Bailey, "we conceive there are better
opportunities in element — specifically Hewlett-Packard Co."
Ouch.
Photo: Flickr/Charlie Brewer
[Via AP]
See Also:
- Dell to Lay Off Another 5600, Close Plant
- Dell Dumps Kiosks; Refocuses on Retail Expansion and Direct Sales
- Dell Invests in WPP’s Marketing Magic
- Dell Adds Staples to its Retail Distributors
Melted From: Epicenter
Tags: ceo michael dell, charlie brewer, david bailey, epicenter, first quarter, flickr, goldman sachs, hewlett packard co, layoffs, macro environment, ouch, quarters, rebound, retail distributors, retail expansion, staples, target, turnaround, visible progress, wpp
