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Dell-EMC to Lay Off 2,000 – 3,000 US Workers after Requesting 5,000 H-1B Visas
Wolf Street ^ | 9 September 2016 | Wolf Richter

Posted on 09/09/2016 11:43:16 AM PDT by Sgt_Schultze

The ink was barely dry on Dell’s acquisition of EMC, the largest technology deal ever, valued at $67 billion when it was announced in October last year – and already the layoff rumors are oozing from the woodwork.

snip

But Dell needs to save some money, one way or the other. Dell’s corporate credit rating is at the upper end of junk. It’s loaded to the gills with debt, stemming from when it was taken private. Now the EMC deal has piled new debt on the company, including $20 billion of bonds it sold in May, followed by a $5-billion leveraged loan.

snip

(Excerpt) Read more at wolfstreet.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; News/Current Events; Politics/Elections; US: Texas
KEYWORDS: dell; delllayoffs; emc; h1b; h1bvisas; layoffs; techindustry; visaabuse
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To: Robert DeLong

Thanks! I will definitely consider that option. I had not thought of it, much less that it would do any good, but I will now have to reconsider. Thanks again!

‘Face


101 posted on 09/10/2016 10:25:07 AM PDT by Monkey Face (Taters. Po-ta-toes. Boil 'em, mash 'em, stick 'em in a stew. ~ Sam Gamgee~ {JRR Tolkien})
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To: cloudmountain
Are you dense? Did you not read what was alrady directed at you?

Tens of thousands of greedy unscrupulous employers/individuals who hire millions of illegals and these low wage HB types who are taking American jobs, are only driven by profits regardless of consequences.

Do you deny this?

102 posted on 09/10/2016 11:42:45 AM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: Dr. Sivana
Again, whose hardware do you buy if not Dell? Lenovo, HP, Cisco?

Amazon builds their own commodity servers. Again if an overextended company put together an overextended deal where their only option is now laying off employees and bringing in indentured servants let them go bankrupt.

Let a better company pick up the technology at a discount and run it for a profit properly. What's the point of keeping too many companies around if they need cheap labor to make them successful?

103 posted on 09/10/2016 12:56:00 PM PDT by stig
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To: central_va

I’ve been saying that since 1999 about the Union. In the dot com bubble the way EMC abused its employees specifically the Field engineers like myself was criminal. We carried pagers and were worked around the clock for years with little time off but we put up with it because the stock was doing great. Then came the tech bubble burst causing EMC stock to tank and subsequent the H-1B invasion.


104 posted on 09/10/2016 11:42:11 PM PDT by gawatchman
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To: Sgt_Schultze; 3D-JOY; abner; Abundy; AGreatPer; Albion Wilde; AliVeritas; alisasny; ...

Die, corporate scum!

PING!


105 posted on 09/11/2016 12:04:50 AM PDT by Tolerance Sucks Rocks (Just one of a basket of deplorables)
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To: CodeToad

Let’s not forget a lot of things Cruz did, and is doing.


106 posted on 09/11/2016 12:15:11 AM PDT by easternsky
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To: dragnet2

PAX TIBI.


107 posted on 09/11/2016 7:00:46 PM PDT by cloudmountain
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To: Dr. Sivana

why are you buying storage some a software company?

There are MANY alternatives to the old guard. Do your research.

Talk to resellers - get advice. You can do better.


108 posted on 09/11/2016 10:33:11 PM PDT by BereanBrain
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To: Dr. Sivana
In the enterprise EMC devices and VMware are a very big deal.

In my personal finances, EMC and VMWare are a very big deal.

109 posted on 09/16/2016 10:44:23 AM PDT by Bloody Sam Roberts (Don't question faith. Don't answer lies.)
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To: Robert DeLong
People still buying cells?

As in PCs and laptops? This EMC deal has nothing to do with that business.

110 posted on 09/16/2016 10:51:14 AM PDT by Bloody Sam Roberts (Don't question faith. Don't answer lies.)
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To: gawatchman

I’ve been in Hopkinton (Support) for 16 years. We’ve probably worked together at one point or another.


111 posted on 09/16/2016 10:55:16 AM PDT by Bloody Sam Roberts (Don't question faith. Don't answer lies.)
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To: Bloody Sam Roberts
Do not know what you copied and pasted by mt comment was:

People still buying Dells?

112 posted on 09/16/2016 8:54:12 PM PDT by Robert DeLong
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To: Bloody Sam Roberts
Do not know what you copied and pasted but my comment was:

People still buying Dells?

113 posted on 09/16/2016 8:54:33 PM PDT by Robert DeLong
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To: Robert DeLong

I was on vacation catching up and was using my tablet. No copy/paste function so I typed it in and...fat fingered it. I hate touch screens.


114 posted on 09/17/2016 9:09:36 AM PDT by Bloody Sam Roberts (Don't question faith. Don't answer lies.)
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To: Bloody Sam Roberts

LOL, makes sense.


115 posted on 09/17/2016 9:47:43 AM PDT by Robert DeLong
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