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Dell Technologies has reported a 10% reduction in its global workforce over the past fiscal year, bringing its headcount down to approximately 108,000 employees, compared to 120,000 a year earlier.
The company’s annual report (up to January 31) attributes the decline to cost-saving measures, including hiring restrictions and internal reorganizations.
Despite the job cuts, Dell has reiterated its commitment to diversity, equity, and inclusion (DEI), emphasizing that it remains dedicated to equal employment opportunities and fostering an inclusive workplace.
DEI under scrutiny
The reaffirmation of DEI policies comes at a time when corporate diversity initiatives are facing increased political and legal challenges. Donald Trump has criticized DEI programs, calling them discriminatory, and has suggested that the Department of Justice could investigate whether such initiatives violate the law.
Major technology firms, including Meta and Alphabet, have scaled back their DEI efforts in recent months. Dell’s decision to maintain its stance signals that it remains committed to its diversity policies despite the broader shift in the industry.
AI competition and cost pressures
In addition to workforce reductions, Dell has been grappling with rising costs associated with producing artificial intelligence (AI) servers in an increasingly competitive market. In February, the company warned that these expenses would likely impact its adjusted gross margin rate for the next fiscal year.
The 10% headcount drop follows a 5% reduction in Dell’s workforce in fiscal 2024. With market conditions remaining challenging, further adjustments may be on the horizon as the company continues to navigate the evolving tech landscape which has seen 441,000 job losses since 2023, according to online tracker Layoffs.fyi.
