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Tag: Jeff Clarke

  • Dell Laying Off 5% of Its Workforce

    Dell Laying Off 5% of Its Workforce

    Dell is joining the ranks of companies laying off employees, with plans to let 5% of its workforce go.

    Like many PC manufacturers, Dell was flying high during the pandemic, thanks to unprecedented demand for computers. Post-pandemic, however, demand has come crashing down, bringing Dell and other manufacturers with it.

    In a regulatory filing, the company announced plans to lay off 5% of its workforce, or roughly 6,600 employees.

    On February 6, 2023, Dell Technologies Inc. (the “Company”) announced to its employees reorganizations and actions to align its investments more closely with its previously discussed strategic and customer priorities. These actions will result in a reduction of approximately 5% of the Company’s workforce as the Company continues to take prudent steps in light of a challenging global economic environment.

    In a letter to employees, Vice Chairman and Co-COO Jeff Clarke, promised that impacted employees will be supported by the company as they move on to other opportunities.

    What we know is market conditions continue to erode with an uncertain future. The steps we’ve taken to stay ahead of downturn impacts – which enabled several strong quarters in a row – are no longer enough. We now have to make additional decisions to prepare for the road ahead.

    Unfortunately, with changes like this, some members of our team will be leaving the company. There is no tougher decision, but one we had to make for our long-term health and success. Please know we’ll support those impacted as they transition to their next opportunities.

  • Symphony Technology Group Buys RSA From Dell Technologies

    Symphony Technology Group Buys RSA From Dell Technologies

    Dell Technologies has agreed to sell RSA to Symphony Technology Group, in an effort to streamline its business portfolio and strategy.

    The Symphony Technology Group consortium, which includes the Ontario Teachers’ Pension Plan Board (Ontario Teachers’) and AlpInvest Partners (AlpInvest), agreed to an all-cash deal of $2.075 billion. The deal includes RSA Archer, RSA NetWitness Platform, RSA SecurID, RSA Fraud and Risk Intelligence and RSA Conference, and should be completed in the next six to nine months.

    RSA currently has 12,500 customers and provides “risk, security and fraud teams with the ability to holistically manage digital risk, including threat detection and response, identity and access management, integrated risk management and omnichannel fraud prevention.”

    Dell is looking at the deal as a way of focusing its business and better aligning its portfolio with its long-term strategy.

    “This is the right long-term strategy for Dell, RSA and our collective customers and partners,” said Jeff Clarke, Chief Operating Officer and Vice Chairman, Dell Technologies. “The transaction will further simplify our business and product portfolio. It also allows Dell Technologies to focus on our strategy to build automated and intelligent security into infrastructure, platforms and devices to keep data safe, protected and resilient.”