The severance package which Frink mentions consists of 2 months of pay plus an extra week of pay for each year employed by Dell, along with a 75% bonus in pay, COBRA health insurance for 18 more months, and outplacement services.
The layoffs come just months after Michael Dell and an investment firm bought all of Dell’s stock shares, effectively making the company private. The move was made with the mindset that it would allow Dell to focus on long-term, enterprise solutions, following massive declines in PC sales due to the rise of tablets and mobile devices.
Image via Facebook
February 4, 2014 Share on Facebook Leave a Comment Related Items Computers Dell Layoffs Michael Dell PCs tabletsSign up here with your email
ConversionConversion EmoticonEmoticon