Reported 2 months ago
Dell Technologies is restructuring as it adopts a new focus on artificial intelligence, reportedly laying off about 12,500 employees in its sales division. This strategy has raised concerns among staff, who likened their situation to 'burning the boats,' indicating the company's commitment to transformational changes. Analysts are adjusting their expectations, with one lowering the price target on Dell shares ahead of its upcoming earnings report, although the overall outlook for the second half remains favorable.
Source: YAHOO