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Dell workforce drops 10% in fiscal 2026, filing shows

Dell is cutting 11,000 jobs, about 10% of its workforce, and reducing hiring while investing in AI server growth and increasing dividends and share buybacks.

  • Dell Inc. said in its 10‑K filing published on Monday that its workforce fell by 11,000 in the year to January 31, 2026, leaving roughly 97,000 employees.
  • Dell Inc.'s modernization push includes employee reorganizations and a systems overhaul called the 'biggest transformation in company history' in a January memo, with One Dell Way aiming to double AI server revenue by fiscal 2027.
  • Dell's filings show a 27% decline versus February 2023, with $569 million spent on severance, and about 10% headcount reductions for the third year in a row.
  • Dell limited external hiring and tightened workplace policies, including a 5‑day RTO mandate and February compensation changes, while boosting shareholder returns with a 20% dividend hike and $10 billion buyback.
  • Amid a broader tech layoff wave, Layoffs.fyi tracks more than 38,000 cuts this year, with Amazon cutting 16,000 jobs, Block halving its workforce, Atlassian laying off 4,000, and Meta planning 20% cuts.
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Dell workforce drops 10% in fiscal 2026, filing shows

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Reuters broke the news in United Kingdom on Monday, March 16, 2026.
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