category: News

Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes – Dell Technologies (NYSE:DELL)

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Dell Trims Workforce and Projects PC Growth Amid Revenue Challenges and VMware Changes – Dell Technologies (NYSE:DELL)

Dell Technologies Inc DELL has implemented workforce reductions as part of its comprehensive cost-cutting strategy, which also encompasses constraints on external hiring and internal employee reorganizations.  As of February 2, 2024, Dell’s workforce has decreased to nearly 120,000 employees from about 126,000 the previous year, reflecting these changes.  This decision follows a declining demand for personal computers, which has … Read more

Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report – Broadcom (NASDAQ:AVGO), KKR & Co (NYSE:KKR)

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Broadcom Nears Sale Of VMware-Acquired Software Division To KKR In Strategic Shift Towards Cloud Services: Report – Broadcom (NASDAQ:AVGO), KKR & Co (NYSE:KKR)

KKR & Co KKR is reportedly close to finalizing a purchase of a software division from Broadcom Inc AVGO for approximately $4 billion, with the announcement potentially expected on Monday.  The unit in question, acquired by Broadcom through its $61 billion takeover of VMware Inc. in 2023, specializes in software that facilitates remote desktop and application access for users.  While … Read more

What Happened With Broadcom Stock Today? – VMware Inc Cl A Com (NYSE:VMW), Broadcom (NASDAQ:AVGO)

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What Happened With Broadcom Stock Today? – VMware Inc Cl A Com (NYSE:VMW), Broadcom (NASDAQ:AVGO)

Broadcom Inc. AVGO shares traded lower on Monday. The stock has pulled back from recent strength over the past week. What To Know: Broadcom stock has trended higher over the month of November. Tailwinds which boosted the stock early in the month included overall tech strength, AI optimism and strong financial results from TSMC, Qualcomm, … Read more