Is it just me or was Dell on top of the world a few years ago? Not only was it pummeling just about every other PC manufacturer in the industry, its online business was buzzing and its business integration was better than ever. And then it all came crashing down.
Last year, Dell announced that it was cutting 8,800 jobs from its payroll and Thursday the company said that it has already laid off 5,550 employees in an attempt to cut costs and make the company more financially sound.
"We are not satisfied with the current state of affairs and are on a mission to fix it," Reuters quoted Dell saying. "Every area of the company is being pursued" for cost cuts.
To make matters worse, last week Dell announced that it was closing one of its desktop manufacturing facilities as part of its layoff program and indicated that it wants to reduce expenses by as much as $3 billion per year over the next three years.
And while many would say that Dell is moving in the right direction, I'm not so quick to agree. How can a company that sat atop the entire computing industry for so long become a shadow of its former self in just two years? Is it that Dell has had a string of bad luck or did Hewlett-Packard, Acer and the rest finally find a way to take the company down?
Sadly, it looks like the latter.… Read more