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(Reuters) – Dell Technologies Inc said on Monday it would lay off about 5% of its workforce as it struggles with a slump in the personal computer market and braces for a potential recession.
PC demand has collapsed after a two-year boom during the pandemic when people working from home splurged on everything from new monitors and laptops to keyboards.
The layoffs also add to the thousands of cuts in the tech industry whose outlook has been shaken by a drop in spending by consumers and businesses due to rising interest rates.
(Reporting by Aditya Soni; Editing by Savio D’Souza)
