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5 Things To Know About Dell Technologies' $416M Job-Cutting Program

Dell Technologies is undergoing a massive effort to cut overlapping positions and pay severance benefits. Here are five key facts about Dell's $416 million cost-cutting program.

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The Cuts Target Overlapping Dell And EMC Positions

Before Dell's $58 billion acquisition of EMC, executives with both companies said the overlap between the server and PC powerhouse Dell and data storage giant EMC was minimal. But some overlap among the companies' more than 140,000 employees was inevitable. The company's cost-savings programs are on track, and those savings are being funneled back into the business, CFO Tom Sweet said during a recent conference call to discuss the company's fiscal 2017 results.

 
 
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