Dell on Monday revealed that it has cut thousands of staff over the past year as part of a broader initiative to cut costs.

In a filing listed on Monday, the tech giant said that its headcount had been reduced by 6,650 over the past year, with its total staff numbers being reduced to around 120,000 as of 2 February.

The company has spent the past two years struggling to contend with sluggish demand for personal computers, which it last month said contributed to an 11 per cent drop in its fourth-quarter earnings. Dell expects its client solutions group (CSG) to grow in 2024, despite the segment dropping by 12 per cent in the fourth quarter.

Dell said that while near-term challenges will persist, it remains optimistic about the 2025 financial year.

The company also noted that there will be "continued reduction of our other businesses' net revenue as a result of the change in our commercial relationship with VMware,” following the company’s $69 billion purchase by VMware.

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