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Dell cuts 10% workers in sales team reorganisation with new AI-focused unit

Economic Times

Economic Times · 11m ago

Dell cuts 10% workers in sales team reorganisation with new AI-focused unit

Dell Technologies is implementing job cuts as part of a sales team reorganization, which will involve the creation of a new group focused on artificial intelligence (AI) products and services. The company plans to streamline management layers and reallocate investments. While Dell has attracted investor interest with its high-powered servers for AI workloads, concerns over the time it takes to see ROI from AI investments persist. The spokesperson didn't disclose the number of affected jobs. Dell had already announced a reduction of 13,000 jobs in fiscal year 2023.

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Related News

Google likely to cut hundreds of jobs in advertising sales unit.

Livemint

Livemint · 1y ago

Google likely to cut hundreds of jobs in advertising sales unit.

Google is reportedly planning to lay off "several hundred" employees in its advertising sales unit as part of a restructuring effort. The tech giant aims to automate more processes through AI software, which will determine how advertisers' money should be allocated across products. The changes in the operational procedure of the sales team have led to these layoffs. Impacted employees will have the option to apply for open roles within Google. Last week, Google announced job cuts in its Google Assistant software and Devices and Services team.

Dell mandates in-office work for global sales team after laying off over 12,000 employees: Report | Mint

Livemint

Livemint · 9m ago

Dell Technologies is requiring global sales team employees to return to office work five days a week, starting September 30. The move aims to enhance collaboration and skill development, with remote work being viewed as an exception. Field representatives will be expected to spend their time between customer interactions and in-office work, up from the previous requirement of three days in the office. Certain remote workers will be exempt from the new policy. This shift follows Dell's restructuring efforts towards artificial intelligence and amid a broader trend of companies reassessing remote work arrangements.

Microsoft Layoffs Loom: Sales Team Braces for Impact in Coming Weeks

StartupTalky

StartupTalky · 26d ago

Microsoft Layoffs Loom: Sales Team Braces for Impact in Coming Weeks

Microsoft is reportedly planning layoffs focusing on its sales team, set to be announced by early July, coinciding with its new fiscal year. This follows two previous rounds of cuts and aligns with Microsoft's restructuring efforts amidst AI investment. The sales roles, especially customer-facing ones, are expected to be heavily impacted. CEO Satya Nadella indicated these moves form part of a strategic realignment, not performance-based terminations, as the company maintains focus on efficient AI expenditure.

Tesla layoff: Elon Musk's move to cut 10% jobs to hit US, China markets hard

Livemint

Livemint · 1y ago

Tesla layoff: Elon Musk's move to cut 10% jobs to hit US, China markets hard

Tesla is set to lay off 10% of its workforce globally, with the US and China markets expected to be most affected. The cuts will be felt in sales, tech, and engineering departments in both markets, aimed at eliminating role duplication. Tesla CEO Elon Musk stated in an internal memo that the cuts were necessary to ensure lean operations and prepare for future growth. In the US, service centers and sales and tech departments will be impacted, while in China, the sales team will face redundancies. Tesla's Shanghai plant will see only a small number of job losses.

Nio labels previous layoffs as necessary, signals potential for more downsizing

Livemint

Livemint · 1y ago

Nio labels previous layoffs as necessary, signals potential for more downsizing

Chinese electric car manufacturer, Nio Inc., is reportedly considering further staff reductions as part of its cost-cutting and efficiency improvement measures. Following its recent announcement of a 10% workforce reduction, certain departments have been asked to compile backup lay-off lists, possibly expanding the cuts to 20% to 30% of the unit. The job cuts are expected to primarily affect non-core businesses or those requiring significant investments. Despite receiving a $738.5 million investment in June, Nio continues to face financial challenges, with sales falling short of targets and losses being incurred.

Google cuts at least 100 jobs across fast-growing cloud unit

CNBC

Google cuts at least 100 jobs across fast-growing cloud unit

Alphabet is laying off at least 100 employees in its Google Cloud unit, impacting sales, consulting, strategy, operations, and engineering teams. The cuts aim to align with customer priorities and business opportunities, despite Google Cloud's significant revenue growth and profitability. This follows ongoing layoffs since early 2023, reflecting pressures to maintain growth amid increasing AI competition .

Meta reportedly splits its AI team to build products faster | TechCrunch

TechCrunch · 1m ago

Meta reportedly splits its AI team to build products faster | TechCrunch

Meta is reorganizing its AI department into two teams, an AI products team and an AGI Foundations unit, to accelerate product development. The AI products team will enhance consumer-facing features on Facebook, Instagram, WhatsApp, and Meta’s new AI app. The AGI Foundations unit will focus on broader initiatives, such as advancing the Llama models. This restructuring aims to maintain competitive momentum with leading companies like OpenAI and Google in the AI sector.

Tesla to lay off 693 employees in Nevada, government notice say

Livemint

Livemint · 1y ago

Tesla to lay off 693 employees in Nevada, government notice say

Tesla is planning to lay off 693 workers at its Sparks, Nevada location, representing over 10% of its global workforce. This move comes in response to declining sales and increased competition in the electric vehicle market. Tesla has also announced price cuts for its electric vehicles in China and the US. The company hopes these adjustments will stimulate sales and reduce inventory levels. Additionally, Tesla is facing challenges such as a recall of 3,900 Cybertruck pickups and a resubmission of a compensation package for CEO Elon Musk.

Startup news and updates: Daily roundup (September 13, 2024)

YourStory

YourStory · 10m ago

Startup news and updates: Daily roundup (September 13, 2024)

Futwork, a mobile app-based contact center solutions provider, has raised Rs 21 crore ($2.8 million) in a Series A funding round led by the Michael & Susan Dell Foundation and Artha Venture Fund. The funds will be used to scale the company's product and roll out AI solutions across voice, chat, email, and WhatsApp. Newmi Care, an outpatient care platform focused on women's health, has raised $1.5 million in a seed funding round led by Sprout Venture Partners. Agilitas Sports has partnered with Spring Marketing Capital to build global capabilities. CarDekho Group has appointed Sudarshan Sarma as chief business officer of its New Auto unit. People Matters has named Pushkaraj Bidwai as its new CEO.

AI governance startup Singulr AI raises $10 million from Nexus, Dell Technologies

Economic Times

Economic Times · 4m ago

AI governance startup Singulr AI raises $10 million from Nexus, Dell Technologies

Singulr AI, an enterprise AI governance and security startup, secured $10 million in seed funding from Nexus Venture Partners and Dell Technologies Capital. The funds will expand their engineering team, enhance platform capabilities, and scale go-to-market strategies. Co-founded by Shiv Agarwal and Abhijit Sharma, Singulr AI assists enterprises in managing, governing, and securing AI use while reducing redundant costs and addressing AI-related vulnerabilities. Their platform is already employed by companies in technology, finance, and healthcare sectors.

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