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Layoffs At Now-Private Dell May Hit Over 15,000 Staffers
schwit1 writes "Curious why Michael Dell was so eager to take the company he founded private? So he could do stuff like this without attracting too much attention. According to the Channel Register, the recently LBOed company is 'starting the expected huge layoff program this week, claiming numbers will be north of 15,000.' Of course, with a private sponsor in charge of the recently public company, the only thing that matters now is maximizing cash flows in an environment of falling PC sales, a commoditisation of the server market and a perceived need to better serve enterprises with their ever-increasing mobile and cloud-focused IT requirements — things that do not bode well for Dell's EBITDA — and the result is perhaps the largest axing round in the company's history. But at least the shareholders cashed out while they could."
America used to be a lot more sink-or-swim. Work hard, innovate, or you die. Health care ended up being tied to employment because everybody worked. It was our grandparents who made this nation the greatest in the world. Now we're well on our way to a European social-wellfare system, and Universal Healthcare will be part of that after Obamacare fails (listen to Obama's speeches before he became a Senator - this is just one step in his plan).
Universal healthcare, living wage, equal outcomes. It's all coming. Along with it comes the loss of the U.S. competitive edge. Work hard? Why bother. Just join the Occupy Wallstreet crowd and stand in line for a government handout.
It's all well and good until there's nobody left to pay for it.
:wq