A Dell flag flies on the headquarters campus of Dell Inc. in Round Rock, Texas. (Photo by Ed Lallo/Bloomberg via Getty Images)
Another Silicon Valley giant saw significant cuts to its workforce over the past year. A new report shows Dell shaved approximately 11,000 employees from its rolls over its 2026 fiscal year.
What we know:
The total number of Dell employees fell approximately 10% in the 12-month period ending on January 31. At that time, its workforce stood at around 97,000, down from 108,000 employees at the same time last year, according to Reuters.
What we don't know:
The new report did not indicate which specific roles at Dell were cut, nor did it break down how many people were laid off as opposed to open positions that were subsequently eliminated.
By the numbers:
The moves cost the tech giant more than $1.25 billion in severance payments in the past two years. Over the 2026 fiscal year, Dell spent $569 million on payments to its outgoing workers. That’s on top of the $693 million in payments over the previous year, Reuters reported.
RELATED: Amazon cuts 16,000 jobs across company in latest round of layoffs
Dig deeper:
While its number of employees went down, Dell’s stock price headed sharply the other way. It rose over 50% year-to-year and closed at $153.01 on Tuesday. The company predicted its AI-optimized servers business would double in the coming fiscal year.
Shareholders can expect more money in their pockets as well. Last month, Dell announced it would increase its cash dividend 20% and buy back $10 billion in stock as part of a share repurchase program.
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U.S. loses 92,000 jobs in February
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More tech job cuts
Big picture view: Dell is not the only major technology firm seeing major reductions. Since the beginning of the year, 69 firms have slashed nearly 40,000 numbers combined, according to numbers compiled by layoffs.fyi, a website that tracks job cuts in Silicon Valley.
Facebook and Instagram’s parent company Meta plans layoffs that could affect one-fifth of its workforce, Reuters reported last week.
In February, Block CEO Jack Dorsey announced the payments firm would eliminate nearly half its jobs. Dorsey explained on X at the time the reductions come as the company embeds artificial intelligence throughout its operations.
RELATED: US layoffs soar past 1.1M in 2025, highest level since the pandemic
What they're saying:
In his post, Dorsey offered Block employees details on what they should expect as well as the impact of artificial intelligence on the company.
He indicated the company would move forward with a single round of layoffs that is expected to affect more than 4,000 people.
The Source: Information for this article was taken from Reuters, FOX Business, and Layoffs.fyi, a website that tracks job cuts in Silicon Valley.