Dell workforce drops 10% in fiscal 2026, filing shows

Group 1 - Dell's total workforce declined by approximately 10%, equating to 11,000 employees, in fiscal 2026, indicating a strategy to limit external hiring to reduce costs [1] - The company reported spending $569 million in severance payments during this period, a decrease from $693 million the previous year [2] - As of January 31, Dell had around 97,000 employees, down from about 108,000 a year ago, reflecting a consistent workforce reduction of about 10% in fiscal 2025 [2] Group 2 - Dell's shares have increased over 24% so far this year, signaling positive market performance [4] - The company anticipates that revenue from its AI-optimized servers business will double in fiscal year 2027 [4] - In February, Dell announced a 20% increase in its cash dividend and an additional $10 billion for its share repurchase program, indicating strong financial management [4]