New York: Dell is planning cost cuts of over $2 billion in the coming three years to transform its business.
The company said during the second day of a conference in Austin, Texas, on Wednesday that the bulk of the cuts — approximately $800 million — will come from its sales group, AP reported.
Another $600 million in cost savings are anticipated to be found in its supply chain.
Dell PC sales have dropped over the past few years as people are adapting more towards tablets and smartphones. The company is moving beyond PCs and has been buying up software and services companies.
Its shares are up almost 4 percent.
Dell announced on Tuesday that it will soon pay its first quarterly dividend.
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