Dell to shed thousands of jobs as PC demand wanes

STORY: Dell is the latest big tech firm to shed jobs.

The PC maker said Monday (February 6) it would lay off around 5% of its global workforce.

The plan was first reported by Bloomberg.

It cited a memo to staff by Co-Chief Operating Officer Jeff Clarke.

In it he says market conditions “continue to erode”.

Dell has been hurt by falling demand for its personal computers.

It’s already instituted cost-saving measures, including a pause on hiring and limits to staff travel.

But demand has slumped following a two-year boom driven by the shift to home working.

Tech firms from Microsoft to Amazon have been laying off thousands of staff in recent weeks.

That as consumers and companies cut spending in response to high inflation and rising interest rates.

A report last week showed layoffs in the U.S. surpassing a two-year high in January.

Tech firms have been shedding staff at the second-highest pace on record.