Dell Technologies has announced plans to lay off 5% of its workforce due to the uncertain economic climate, following similar cost-cutting measures taken by other large tech companies. The announcement comes as the tech industry has been hit hard by the economic downturn, with interest rate hikes contributing to the financial woes of many companies. Despite the job cuts, Dell has reported several strong quarters due to the steps taken to stay ahead of the downturn impacts.
Posts tagged as “Alphabet”
The U.S. Department of Justice and eight states have filed a lawsuit against Google, alleging that the company's dominance in digital advertising harms competition and has caused publishers to charge subscription or other fees. The complaint claims that Google has used its power to "neutralize or eliminate" rivals and to force advertisers to use its products. This is the fifth federal antitrust suit against Google since 2020, with the company yet to comment on the latest lawsuit.
Google, one of the world's leading technology companies, has announced a 6% workforce reduction of 12,000 employees, as the economic boom experienced during the pandemic begins to slow. This is one of the biggest rounds of layoffs ever for the company, and adds to the tens of thousands of job losses recently announced by other tech companies such as Microsoft, Amazon, and Facebook parent Meta. The layoffs are a sign of the times, and a reminder that the tech industry is not immune to the effects of the pandemic.