Dell’s workforce declined by approximately 10%, or 11,000 employees, in fiscal 2026, the company disclosed, as part of a broader cost-control strategy amid AI-driven growth.
The reduction followed a similar drop in fiscal 2025, with headcount falling from about 108,000 to 97,000 by January 31. Dell paid $569 million in severance during the period, down from $693 million the prior year.
Despite layoffs, the company remains bullish on AI, projecting its key server business revenue to double in fiscal 2027. Its shares have risen over 24% year-to-date.
In February, Dell announced a 20% dividend increase and added $10 billion to its share buyback program.