Dell to fire 7,000

Dell plans to cut its global workforce by 10% reports BBC. The PC maker blames falling sales and rising costs for the cuts. Founder Michael Dell took direct charge of the firm earlier this year to help stop the bleeding. Mr Dell said the job losses would be "difficult" but stressed they were critical if the firm was to deliver better value to customers.

"While reductions in headcount are always difficult for a company, we know these actions are critical to our ability to deliver unprecedented value to our customers," Mr Dell said.

The US firm employs more than 78,700 staff worldwide.