Dell joins parade of tech giants slashing their workforces

Dell Technologies is the most recent large high-tech company to announce a major layoff, with the hardware maker saying Monday it is slashing 5% of its workforce.

In a regulatory filing, Dell attributed the job cuts to a “challenging global economic environment.” Dell Chief Operating Officer Jeff Clark told employees in a letter that the company’s previous moves to reduce its costs “are no longer enough. We now have to make additional decisions to prepare for the road ahead.”

A number of large tech players, including Google-parent Alphabet, Amazon, IBM, Meta, Microsoft and Twitter have laid off tens of thousands of employees in recent months. 

This is a developing story.