Dell Says Job Cuts Will Continue With Margins Under Pressure

Dell Technologies Inc. will continue to reduce its workforce this year, trying to control costs amid concerns that demand for PCs hasn’t rebounded and sales of servers optimized for artificial intelligence aren’t as profitable as other products.

Dell said a limitation on outside hiring, job reorganizations and other actions will produce “continued reduction in our overall headcount” in the fiscal year ending in February 2025.

The company is focused on expanding the business of selling high-powered servers for artificial intelligence work. This new spigot of growth has excited investors — the stock has gained 39% this year through Tuesday’s close ...