Dell Technologies has announced a reduction in its workforce by 10% for the fiscal year 2025, while reaffirming its commitment to diversity and inclusion. This information was disclosed in a statement by the server manufacturer specializing in artificial intelligence.

Recent developments indicate that Dell Technologies $DELL is preparing for a decline in its adjusted gross margin for the 2026 fiscal year. This forecast is driven by escalating expenditures associated with the production of AI servers, set against a backdrop of intensifying market competition and a diminishing demand for traditional personal computers.

According to Bloomberg News, Dell Technologies $DELL is on the verge of finalizing a significant deal valued at over 5 billion dollars. The proposed agreement involves the supply of AI-optimized servers to xAI, a company owned by Elon Musk. Following the release of the report, Dell's shares experienced a 4% increase, reflecting a positive market response.