Peloton Projects Strong Sales; Stock Sinks on Shipping Delay... Uber’s Mounting Losses Overshadow Election Win in California. Moreover, VMware in May 2020 confirmed plans to freeze employee salaries, cut executive pay and suspended 401K retirement plan matching. The data center and PC hardware giant is also shifting more aggressively to “as a service” consumption models for all of its hardware products. A spokesperson confirmed that the company is evaluating whether specific head counts are aligned where “customers need us most,” though the spokesperson did not discuss specific headcount figure changes, the report said. We bring the Lastest happening of Indian IT Industry and exclusive stories that matter for Software Engineers and IT Professionals. An earlier version was corrected to show company hasn’t eliminated annual bonuses. No doubt, Hardware as a Service (HaaS) is an increasingly popular consumption model for PCs, servers, networking equipment and other devices. Dell Technologies plans some layoffs amid uneven global economy. Second round of VMware layoffs in 2020 Bloomberg reported that Clarke notified employees … “While we do this type of organizational review regularly, and while it always results in some job loss or restructuring, we recognize that there is nothing routine about today’s environment. Before it's here, it's on the Bloomberg Terminal. Round Rock, Texas-based Dell has faced uneven demand during the coronavirus pandemic. In a move to address its cost structure in uncertain times, the vendor notified employees that it will eliminate jobs, Bloomberg first reported. Dell started 2020 with about 165,000 full-time employees, including 31,000 at its VMware subsidiary. While businesses and consumers have snapped up personal computers to enable working from home, some businesses have become more cautious in major data-center purchases. Dell will move its European PC manufacturing operation from Ireland to Poland and lay off workers as it continues its belt-tightening restructuring plan, the company said on Thursday. About 1,900 employees will be laid off at Dell’s factory in Limerick, Ireland, over the next year, with staff reductions starting next month, Dell said. Chief Operating Officer Jeff Clarke told staff during a quarterly all-hands meeting Monday that the workforce reductions won’t be limited to any particular team or division within Dell, said a person familiar with the situation, who asked not to be identified discussing internal meetings. Infosys To Start Promotions From September, VMware India Layoff: Software Product Company to Layoff 200 Indian employees, Oracle Layoff 2020: Oracle sacked employees from Commerce Cloud division. Dell Technologies will cut some staff this week, though actual layoff figures have not been disclosed. Dell made similar moves that same month. Ex-Cognizant employee alleges sexual harassment and discrimination against two Cognizant Executives. Disney recently announced layoffs of 28,000 employees (two-thirds of them are … Dell Layoff 2020 is Confirmed; Dell Technologies has confirmed to lay off an unspecified number of employees due to weakening growth in the ongoing Covid-19 pandemic. Data center & PC hardware company preps more "as a service" options for partners, customers. Dell had already announced suspending 401(k) matching and promotions for the fiscal year; however, the company will give remote workers a one-time stipend of $400 for home-office equipment. Dell Technologies Inc. has already notified employees that it will eliminate jobs this week. In India, the IT Industry fired employees on non-performance, lack of projects, and workforce restructuring due to Business impact from Covid-19. Virgin Galactic Sees New Ticket Sales After Branson’s Space... Trump’s Special Treatment on Twitter Would End With Biden Wi... GoPuff in Talks to Buy Liquor Store Chain BevMo! Updates with details on Dell’s recent earnings report in ninth paragraph. Dell Technologies plans some layoffs amid uneven global economy. Dell had already announced suspending 401(k) matching and promotions for the fiscal year; however, the company will give remote workers a one-time stipend of $400 for home-office equipment. Moreover, Dell will plans to make all of its offerings available “as a service,” CEO Michael Dell recently told CRN. It also froze raises and suspended external hiring at least through 2021. Today, Disneyland may not be the happiest place on earth. VMware cut some staff in August 2020. Key details: Infosys to acquire GuideVision for INR 262 Crores, Wipro Ex-CEO Abidali Neemuchwala becomes Investor to back AI and Cloud startups, Tech Mahindra to offer Blockchain solutions using AWS (Amazon Web Services), Tejas Networks Wins Rs. You can also subscribe without commenting. As of August 2020, the company had $34.1 billion in. The latter move essentially parallels Hewlett Packard Enterprise — which in 2019 pledged to offer everything as a service by 2022. Still, HaaS has not fully offset the rapid growth of public cloud services such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. As of August 2020, the company had $34.1 billion in core debt, mostly from EMC Corp. acquisition in 2016. Data center & PC hardware company preps more "as a service" options for partners, customers. Dell last month reported revenue of $22.7 billion in the period that ended July 31, with PC sales to consumers jumping 18% while business deals for computers, servers and storage hardware all declined. Guiding VARs, MSPs, CSPs, Total Service Providers (TSPs) s & Strategic IT Service Providers: From Entrepreneur to Exit. Dell Technologies is laying off employees as part of an organizational restructuring to cut costs, according to a report from Bloomberg news service. According to a filing, Dell had 165,000 employees as of the end of January. The company introduced a remote-working plan to its global employees and letting work-from-home as long as they have the manager’s approval. Dell Technologies will cut some staff this week, though actual layoff figures have not been disclosed. Biggest Accenture Layoff: 25000 job cuts worldwide including India, HCL to hire Experienced Professionals for Nagpur campus through Virtual Recruitment Drive. Still, company executives are closely managing costs amid the uneven global economy. Wynn Invests $80 Million in Revamped Online-Gaming Joint Ven... Roku Rises After Quarterly Revenue, Accounts Beat Estimates, Square Sales Surge on Pandemic-Fueled Boom in Cash-App Usage.