Dell-EMC merger might see up to 3,000 job cuts, says report

|September 9, 2016 0

After the completion of EMC takeover, Dell Technologies is reportedly going to cut about 2,000-3,000 jobs, mostly in the US, as per a Bloomberg report citing sources.

Dell Technologies completed the acquisition of data storage company EMC on Wednesday. Dell agreed to buy EMC for $67 billion in October last year. The combination creates a $74 billion business which will serve 98 percent of Fortune 500 companies and some market-leading businesses.

Dell is looking for cost savings of about $1.7 billion in the first 18 months after the transaction. On the day the deal closed, CEO Michael Dell gave a hint of restructuring some overlapping functions in an interview with Bloomberg. “There are some overlapping functions and that sort of thing – that’s not the primary feature of this, but there is some of that.”

                                 

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The layoffs are likely to happen in the later half of ten year and will be mainly in supply chain, marketing and general and administrative divisions, said Bloomberg report.

The company has around 140,000 people strong workforce now.

 

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