Dell Technologies to cut up to 3k jobs following historic EMC deal

Just one day after Dell Technologies and EMC closed their merger — valued at $60 billion, it's the largest technology merger in history — sources familiar with Dell's plans said the company plans to cut between 2,000 and 3,000 jobs, reports Bloomberg.

The majority of the job cuts will be roles related to supply chain and marketing, as well as administrative positions, according to the report.

Dell is seeking to trim $1.7 billion in costs in the first 18 months of the merger, according to the report, but the people familiar with the matter told Bloomberg said Dell hopes to boost sales by much more than that amount.

The new company produced from the merger has about 140,000 employees. With an approximate $74 billion in revenue, it is the largest privately held tech company.

More articles on health IT:

Is Uber already the 'Uber of healthcare?'
Epic asks SCOTUS to weigh in on employee arbitration ban
Indiana opens first school telehealth clinic

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months