Dell To Cut At Least 2,000 Jobs After EMC Acquisition (bloomberg.com)

As Dell processes the acquisition of EMC Corp, its largest buyout ever, it plans to cut about 2,000 to 3,000 jobs, people familiar with the matter told Bloomberg. The layoffs are expected to happen later this year, and regions such as the United States will be impacted the most by it. From the report:The reductions are planned for later this year and will be mostly in the U.S. and in areas such as supply chain and general and administrative positions, as well as some marketing jobs, said the people. Dell is looking for cost savings of about $1.7 billion in the first 18 months after the transaction but is largely focused on using the deal to boost sales by several times that amount, the people added. The new company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur. We will do everything possible to minimize the impact on jobs," Dave Farmer, spokesman for Dell, wrote in an e-mail. "We expect revenue gains will outweigh any cost savings, and revenue growth drives employment growth."

Comments

Actually, quite light

[ADRA]

For an acquisition this big, I would've expect ten's of thousands gone, so keeping it so low is actually surprising. I can only posit this being round one.

Re:Obviously not the point, but higher paying jobs

[The Grim Reefer]

Except that's not how it will work. All of the people you stated will be let go, certainly will. The line workers may get a little more money, but the CEO and such will get most of it. Then new line workers will be hired for half of what the current ones are paid, with less benefits. Then anyone close to retirement age will be offered early retirement and replaced with more lower wage people. Any one else left will be given some sort of payoff to leave, or outright fired and in the end the line will be staffed with people who make a third to half of what the original workers did. The C level folks will get big bonuses. Then the customers will realize the quality of their products has gotten worse and profits will slide a little. And a new CEO will be brought in to cut costs and they will go on a steady decline and eventually offshore to China. Sadly, this seems to be the way of business these days.