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."

Comments

Re:I'm sure they're grateful for COBRA

[TWiTfan]

You can blame both Republicans and Dems for the shit state of affairs with the ACA and American healthcare. The ACA plan was created by the Heritage Foundation and Republicans as a way to have a sort-of/kind-of universal healthcare while also preserving all that capitalism/free-market horsehit, and the Dems were fucking stupid enough to embrace this plan as a way to get universal healthcare with bi-partisan support (in the end, it got neither).

It was pretty typical of the corporatist bi-partisan fuck-up-fest that passes for "governance" in the U.S. The only thing that the two parties can agree on here is that the common citizen doesn't mean shit and the corporations/elite run the show.