Dell’s acquisition of EMC, the largest tech deal in history, formally closed yesterday. The $67 billion deal was officially announced in October.
Dell’s official statement boasted the combination of EMC’s assets to Dell’s portfolio creates $74 billion of services that are used by 98 percent of Fortune 500 companies. While this historical merger opens the doors for Dell’s plans to diversify service options, there are reports of Dell planning future layoffs.
Bloomberg reports Dell will cut 2,000 to 3,000 jobs in supply chain, administrative and marketing areas. These cuts are thought of to be part of Dell’s plan to save around $1.7 billion within the first 18 months after the acquisition’s completion.
The EMC merger and Dell’s new layoffs follow the overarching trend of tech giants making sacrifices to diversity portfolios. As new tech trends gain speed, more companies will have to reevaluate service offerings.