Dell Plans 2,000-3,000 Job Cut Following EMC Deal: Bloomberg Reports

(RTTNews) - Dell Technologies plans to cut about 2,000 to 3,000 jobs after acquiring data storage company EMC Corp., Bloomberg reported, citing people familiar with the company's plans.

Dell, which was taken private by founder Michael Dell along with private equity firm Silver Lake Management in 2013, completed the largest technology acquisition ever on Wednesday. The cash and stock acquisition was valued at about $67 billion at the time of its initial announcement almost a year ago.

The reductions are planned for later this year and most of the job cuts will be in the United States, the report says. The jobs in supply chain and general and administrative positions, as well as some marketing jobs will be affected. The combined company has 140,000 employees.

In the first 18 months following the transaction, Dell is looking for cost savings of about $1.7 billion, but is largely focused on using the deal to boost sales by several times that amount, the report noted.

It was in October last year that PC maker Dell agreed to buy EMC, bringing together the leading data-storage products provider and a top maker of servers and personal computers. The deal maintained EMC's virtualization software company VMware Inc. (VMW) as a publicly-traded company.