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Dell to cut up to 3,000 jobs after acquiring EMC

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Dell plans to eliminate up to 3,000 jobs, after acquiring data storage solutions provider EMC, Bloomberg reports.

The layoff is planned to take place later this year. Most of the job cuts would be in the US and in areas such as supply chain, marketing and administrative positions, as told to Bloomberg by anonymous sources.

Dell hopes cost savings of about US$1.7 billion in the first 18 months after the EMC transaction is completed.  The new company will employ around 140,000 people.

“As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur. We will do everything possible to minimise the impact on jobs,” Dave Farmer, spokesman for Dell, wrote in an e-mail. “We expect revenue gains will outweigh any cost savings, and revenue growth drives employment growth.”

In an interview with Bloomberg on September 7, Michael Dell, chairman and CEO of Dell Technologies admitted there are overlapping functions after the merge but declined to give any estimate for layoffs.

Commenting on the acquisition, Dell said in a statement “This is an historic moment for both Dell and EMC. Combined, we will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,”.

“Our investments in R&D and innovation, along with our 140,000 team members around the world, will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes,” he added.

ALSO READ: Job cuts at Microsoft and Lloyds Bank

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