In its latest report, Dell said that as of January 31, the company employed about 108,000 people, down from 120,000 in February 2024. Two years ago, Dell had about 133,000 employees. Thus, since February 2023, the Texas-based company (USA) has cut 19% of its workforce.

According to Insider , the cause of this decline is a combination of layoffs and policies requiring employees to return to the office.

CEO Dell
CEO Michael Dell's net worth fell sharply in the first 3 months of 2025. Photo: Dell

In August 2024, Dell restructured its sales department and asked employees to prepare for the “ world of AI.” As part of the restructuring, the company cut staff but did not disclose specific numbers.

Dell has also stepped up its return-to-office policy. Starting in January 2024, the company will require all employees who live near its offices to work in person five days a week. This policy has been met with mixed reactions from employees.

As of February 2024, nearly 50% of Dell’s full-time US employees still chose to work remotely, even though it meant they were missing out on promotions. Some even saw it as motivation to look for other jobs.

Dell told Insider that the moves are aimed at making the company leaner. “We are combining teams and prioritizing areas where we need to invest,” the company said.

Despite Dell's 8% annual revenue increase in fiscal 2024, the company's stock fell 15% in 2025. According to Bloomberg's billionaire ranking, CEO Michael Dell's net worth fell $16.6 billion in the first three months of the year, second only to Elon Musk.

(According to Insider)