5 Companies That Had A Rough Week

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Dell Cuts Several Thousand Staffers

The reports warned that Dell was preparing to cut as many as 15,000 people, including 20 percent of its U.S. sales force. But it's become clear those reports were "wildly inaccurate," as described in a statement from Dell media relations, and the cutbacks are closer to 2,000 or 3,000.

Still, any layoffs are bad news, especially for those losing their jobs. Dell said the cutbacks are part of the company's steps to streamline its business operations and improve efficiency. It's even possible (speculation alert) some of the cutbacks are related to the company's plans to turn 200,000 or more Dell Direct accounts over to channel partners.

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