Holy crap

Dell’s quarterly earnings topped expectations but the company still plans to shed about 8,200 jobs — or 10% of its workforce.

Net income fell slightly but revenue was up E400 million. The company’s been slipping in recent years and has lost market share to Hewlett-Packard. But 10% of the labour force? They say desperate times call for desperate measures, but I didn’t think Michael Dell felt things were so bad. That said, the share price has shot up, so I guess I can’t really fault his business acumen…

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