Friday, December 1

Tag: EMC

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes
News

Dell to Cut 2,000-3,000 Jobs as EMC Deal Closes

Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative divisions, Bloomberg said, adding that the combined company has 140,000 employees. "As is common with deals of this size, there will be some overlaps we will need to manage and where some employee reduction will occur," Dell spokesman Dave Farmer said. He, however, declined to comment specifically on the report. Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, agre...
Dell acquire EMC Corp for $67 billion
FUNDING

Dell acquire EMC Corp for $67 billion

A record deal in technology industry Computer-maker Dell Inc buy data storage company EMC Corp for $67 billion. Dell¬†tries to transform itself into a giant in the fast-growing market for managing and storing corporate data. The deal will help Dell, the world's No. 3 computer maker, diversify from a stagnant consumer PC market to faster-growing market for cloud-based data services. (more…)