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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 $416M Total Includes Existing EMC Cost-Saving Measures

EMC in late 2015 kicked off an $850 million corporate cost-cutting program that included as much as $150 million for layoffs. Dell Technologies' U.S. Securities and Exchange Commission filing related to its fiscal 2017 results indicate that the company was roughly halfway through that effort and that the layoff program would be completed. EMC began the program while it was under pressure from activist investors to boost share value.

 
 
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