Monday, September 12, 2016

Dell to cut 2,000-3,000 jobs as EMC deal closes: Bloomberg

I'm posting this because of somewhat misleading Facebook posts that I have seen.
It is SOP (Standard Operating Procedure) for companies to merge departments & lay off people when acquire another one, or merge. This is how they pay for purchase. Unfortunate, but not different from other such acquisitions & mergers.

Dell has outsourced much of its work in the past, which may be where the figures being cited for visa requests come from.

Sept. 8, 2016
Reporting by Rishika Sadam in Bengaluru; Editing by Kirti Pandey

Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported.

Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. (

The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined 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," Dell spokesman Dave Farmer said. He, however, declined to comment specifically on the report.

Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, agreed to buy EMC for $67 billion in October last year.

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