Dell to axe 3,000 jobs - report

Dell refuses to address rumours of 3,000 job cuts following EMC acquisition

Newly formed Dell Technologies is set to axe up to 3,000 jobs following its EMC acquisition, according to a report by Bloomberg.

The report claims that people "familiar with the company's plans" told Bloomberg the redundancies are set to be made later this year, and will mostly affect the US.

Dell refused to be drawn on the details of the report, and said in a statement:

"Dell is not commenting on the speculation. As is common with deals of this size there will be some overlaps we will need to manage.

"We will do everything possible to minimise the impact on jobs."

Following the EMC acquisition, Dell Technologies has around 140,000 employees and revenues of $74bn.

Bloomberg's sources claimed that the cuts will be made in areas including supply chain, marketing, and general and administrative roles.

On a conference call earlier this week Dell Technologies chief financial officer Tom Sweet said that "cost-saving initiatives" were under way at both Dell and EMC, and that the new firm is looking to achieve "significant revenue and cost synergy opportunities in the coming months".