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Dell Offers Undisclosed Number of Employee Buyouts

December 8, 2013
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U.S. computer maker Dell is offering to buy out an undisclosed number of employees to cut operating expenses, the company said.

Company officials said Dell, which has 110,000 employees, is the largest private employer in Central Texas, the Austin American-Statesman in Texas reported Saturday.

The buyouts are part of a long-term strategy to "optimize our business ... and to improve our efficiency," said company spokesman David Frink.

The company's founder, Michael Dell, took the company private this fall with help from investment firm Silver Lake. Dell and Silver Lake have said mass job cuts would not be part of their strategy to turn the company around.

Dell contends it needs to reduce its focus on personal computers, while market trends steer technology firms more and more toward mobile devices.

"We've been consistent in saying that a critical element of our strategy has been, and always will be, about improving our cost structure and freeing up capital to make the investments in growth areas that matter to our customers," Frink said.

"Like any prudent company, we'll continue to evaluate and implement opportunities to enhance our operational effectiveness on an ongoing basis," he said.

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Source: UPI Business News


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