Dell Layoffs Hit Sales Team Amid AI Focus

• Dell Technologies Inc. is cutting jobs as part of a reorganization of its sales teams, introducing a new group focused on AI products and services.
• Sales executives Bill Scannell and John Byrne announced the streamlining of management layers and reprioritization of investments in a memo to employees.
• The company will also change its approach to data center sales, aiming to capitalize on the growing interest in AI workloads.
• Despite a 34% increase in shares this year, Dell has faced challenges, including a major workforce reduction in early 2023 and a decline in its personal computer business.
• Dell remains optimistic about the future, with plans to grow faster than the market by leveraging AI-optimized PCs and modern IT solutions.

Source: Bloomberg