Dell to cut 10% while books are scrutinised

Dell is cutting around 10% of its staff, some 7,800, as it bids to “simplify information technology for our customers by removing cost and complexity”, says chairman Michael Dell.

“While reductions in headcount are always difficult for a company, we know these actions are critical to our ability to deliver unprecedented value to customers,” he added.

Dell was speaking at the presentation of the firm’s first quarter results, which showed operating profit of $947m (£705m) on sales of $14.6bn, equivalent to earnings of $0.34 a share.

Dell did not provide comparative figures because a $46m investigation into its earlier accounting and financial reporting may result in a restatement of figures.

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