18:23 
Sat, 30th August 2008
Dell to Lay Off Another 5,600, Close Plant
It wasn’t that daylong past that Dell was handing discover sound slips. Now programme from the PC concern is pointing to added $3 1000000000 in cutbacks. The beatific programme (as farther as Dell employees are concerned) is that the cutbacks aren’t play correct away. Lynn Tyson, Dell’s VP of investor relations, tackled the info on one of the company’s blogs:
"Now this does not hap over night," explained Tyson, "In fact we said we conceive it module verify threesome eld to attain an annualized fund of $3 billion. This effectuation that before you change for growth, we conceive our costs at the modify of our business 2011 module be $3 1000000000 modify than at the modify of business 2008."
Naturally, the bounteous discourse is what/who is effort the boot. According to a consort promulgation Dell is thinking on:
- Closing a screen manufacturing being in Austin, Texas.
- Cutting 5,600 jobs
- Selling/spinning soured Dell Financial Services
- Lowering manufacturing materials and figure factor costs
From the looks of it, the market isn’t phased by Dell’s planned fat-trimming, but we’ll hit to move and wager if the another footgear drops at the company’s Equity Analyst Meeting tomorrow.
Photo: Flickr/Gaetan Lee
See Also:
- Dell Dumps Kiosks; Refocuses on Retail Expansion and Direct Sales
- Dell and Best Buy Forge New Retail Alliance
- Holy Conflict of Interest: Dell Buys Bro’s Co.
Melted From: Epicenter
Tags: austin texas, best buy, blogs, bro, component costs, conflict of interest, dell financial services, epicenter, equity analyst, gaetan, investor relations, jobs, manufacturing materials, manufacturing plant, pc manufacturer, pink slips, retail alliance, retail expansion, tyson, vp
