Dell's total workforce declined by about 10%, or 11,000 employees, in fiscal 2026, it said on Monday, a sign that the AI server maker is limiting external hiring to reduce costs.
The company âspent $569 million â in â severance payments in this period, compared with $693 million âa year ago, its annual report showed.
Dell had about â97,000 employees as of January 31, down from about 108,000 employees a year ago. Its âworkforce had declined by about â 10% in âfiscal 2025.
Silicon Valley employees have grown increasingly concerned about AI disruption in â recent months as 60 tech companies have laid off more than 38,000 employees this year, according to Layoffs.fyi, a website tracking sector-wide job cuts.
Reuters reported on Friday that social media giant Meta was planning a sweeping layoff that could affect 20% âor more of its workforce.
Dell, whose shares have risen over 24% so âfar âthis year, said â last month that it expects revenue from its key AI-optimized servers business to double in fiscal âyear 2027.
In February, it announced a 20% hike in its cash dividend and an additional $10 billion for its share repurchase program.
The company âspent $569 million â in â severance payments in this period, compared with $693 million âa year ago, its annual report showed.
Dell had about â97,000 employees as of January 31, down from about 108,000 employees a year ago. Its âworkforce had declined by about â 10% in âfiscal 2025.
Silicon Valley employees have grown increasingly concerned about AI disruption in â recent months as 60 tech companies have laid off more than 38,000 employees this year, according to Layoffs.fyi, a website tracking sector-wide job cuts.
Reuters reported on Friday that social media giant Meta was planning a sweeping layoff that could affect 20% âor more of its workforce.
Dell, whose shares have risen over 24% so âfar âthis year, said â last month that it expects revenue from its key AI-optimized servers business to double in fiscal âyear 2027.
In February, it announced a 20% hike in its cash dividend and an additional $10 billion for its share repurchase program.
Meridiano
