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10 Biggest Dell Technologies News Stories Of 2020 (So Far)

CRN breaks down the 10 most important Dell Technologies news stories of 2020 so far --from new storage innovation to Dell’s response to the coronavirus pandemic.

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10. Coronavirus Response And Impact

After more than 35 years in the IT world, Dell Technologies Chairman and CEO Michael Dell (pictured) told CRN that he’s never seen anything that has had more of an impact on the industry as the coronavirus pandemic. “There’s been nothing really like this,” said Dell in March. “Customers and partners need us more than ever.”

To deal with the financial uncertainties stemming from the pandemic, Dell Technologies temporarily halted pay raises for its roughly 160,000 employees for the remainder of its fiscal year, which ends Jan. 29, 2021. The company also stopped contributions to 401(k) retirement plans and halted hiring on a companywide basis.

However, the pandemic has not had a major impact on Dell’s overall revenue. For its first fiscal quarter 2021, which ended May 1, Dell revenue reached $21.9 billion, representing flat growth year over year.

The company donated $3 million to fund front-line organizations fighting the pandemic. The Michael & Susan Dell Foundation donated $100 million to help small businesses and health-care workers as well as find treatments for COVID-19. In addition, Michael Dell decided to forgo all of his roughly $1 million base salary due to the “disruption” caused by the coronavirus pandemic.

 
 
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