Preparing For The Road Ahead
Dell News, February 6th, 2023
One of the things that differentiates us in our industry is the culture we've built over the last 38 years. More specifically, the grit and determination our team members demonstrate impresses me every day. It's the hallmark of who we are, and what allows us to adapt to anything thrown at us.
I've shared a series of decisions we've made - including a pause on external hiring, limiting travel and reducing outside services spend - to help our company navigate the challenges of the global economic environment and uncertainty ahead. And, as we always do, we've continued assessing our business to ensure we're set up to deliver the best innovation, value and service to our customers and partners.
What we know is market conditions continue to erode with an uncertain future. The steps we've taken to stay ahead of downturn impacts - which enabled several strong quarters in a row - are no longer enough. We now have to make additional decisions to prepare for the road ahead.