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Dell lays off 12,500 people

theregister.com

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Re: Dell lays off 12,500 people

#21

Post by [deleted] »

subsubzero wrote: post #16
Analemma_ wrote: post #9

Earlier quoted context omitted.

Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.

except I know so many out of work that are not in tech. Finance is getting destroyed right now, also media, learning and pharma. Govt jobs and travel jobs lost during covid seem like the only thing thats out there. The economy is absolute garbage right now and the media has been gaslighting everyone saying its all in our heads.

[deleted]

Re: Dell lays off 12,500 people

#22

Post by nolok »

ysofunny wrote: post #2

kudos for giving out an actual number of humans fired. instead of the usual, de-humanizing percent of employees usually given

Depends on who they're talking to.

For press release or to investors, the percent is the number that matters.

To the internal communication to the employee losing their jobs or those that have to keep the torch going, the number is usually better.

With that said, seems like it's part of a larger downsizing plan: "That number has been guesstimated at around ten percent of the workforce – about 12,500 people – as part of an effort to get the overall workforce from 120,000 to below 100,000."

Re: Dell lays off 12,500 people

#23

Post by bombcar »

thebeardisred wrote: post #11

Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?

That's .... pretty damn good, actually.

2 months is already way above "average" and adding weeks per year is ... nice.

Re: Dell lays off 12,500 people

#24

Post by dgfitz »

scblock wrote: post #15
denotes wrote: post #8

Earlier quoted context omitted.

Note that these are layoffs not firings. The fault is with the employer, not the employee, and exit packages generally reflect this.

A semantic difference only. They were "made redundant", "let go", "laid off", "fired", "terminated", and any other set of convenient choices.

The first 3 give severance, the last two do not.

There is an enormous difference.

Re: Dell lays off 12,500 people

#25

Post by jatins »

gruez wrote: post #19
thebeardisred wrote: post #11

Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?

That's on top of "two months wages" base, which is already pretty generous. I'm not sure what you're expecting here? 2 months base + 1 month per year?

don't think 2 months is generous

Re: Dell lays off 12,500 people

#26

Post by gruez »

subsubzero wrote: post #4

hey the economy is doing great, what you are feeling is a "vibecession". Don't look at the hundreds of thousands of tech employees fired in the past 2 years.

>Don't look at the hundreds of thousands of tech employees fired in the past 2 years.

I can't tell whether this is satire. What you're describing is exactly how economy-wide metrics are supposed to work. People quoting them aren't claiming that it's sunshine and rainbows for everyone, just that for the entire economy as a whole (ie. for the average worker), things are going pretty well right now.

Re: Dell lays off 12,500 people

#28

Post by alkonaut »

wawayanda wrote: post #17
thebeardisred wrote: post #11

Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?

Fair or not, a week per year is an extremely common formula for calculating severance at a large company

This varies a lot between cultures and jurisdictions obviously. But not even half of Dells emplyees are in the US, so presumably a large chunk of these layoffs will be elsewhere.

Re: Dell lays off 12,500 people

#29

Post by mardifoufs »

Analemma_ wrote: post #9
subsubzero wrote: post #4

hey the economy is doing great, what you are feeling is a "vibecession". Don't look at the hundreds of thousands of tech employees fired in the past 2 years.

Tech hired way more than any other sector during the pandemic, and is now reverting to the mean. It sucks for us but means little about the broader economy.

This is far from just affecting tech. Good luck getting a job with any other STEM or finance/admin degree.

Re: Dell lays off 12,500 people

#30

Post by nolok »

thebeardisred wrote: post #11

Wow, this feels like a middle finger on the way out the door: > Severance for most will likely involve a payout of two months wages plus a week per year served up to a max of 26 weeks A week per year of service?

That's actually pretty good and how it's calculated in France when you're fired (beside the "notice" period, which would more or less match the two months here in Dell annoncement): https://www.service-public.fr/particuliers/vosdroits/F987 , and similar to what other countries here are doing.

1/4 of a month per year served up to 10 years, and 1/3 of a month per year served after the first 10 years

I'm of course ignoring the whole cause of layoff, which in France is very different and can lead to majoration or to straight up remove the severance, and also here unless you're someone with years on the job the paid holidays severance is usually the largest part of the amount you get and I don't think the US has an equivalent.

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