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Friday, 01 June 2007 10:36

Dell announces 8,000 layoffs

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As earnings rise


Hardware maker Dell reported an eight percent rise in profits in the first quarter and announced 8,000 people would lose their jobs.

According to Associated Press, the job loses will occur over the next year as part of an ongoing restructuring. Dell said it earned $947 million in the three months ended May 4. That compared with $762 million the same period last year.

Sales rose by a percent from the year ago period to $14.6 billion. The layoffs, are 10 percent of Dell's global work force of 88,100.

"While reductions in head count are always difficult for a company, we know these actions are critical to our ability to deliver unprecedented value to our customers now and in the future," Dell said in a statement.

More here.

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