Dell plans to trim $2 billion in expenses
Computer maker Dell Inc. is planning to trim its expenses by more than $2 billion during the next three years as it tries into move into the more lucrative fields of technology.
Dell outlined its cost-cutting plans Wednesday, the day after the company committed to paying the first quarterly dividend in its 28-year history. The quarterly dividend of 8 cents per share will cost Dell more than $560 million annually. The bulk of the projected savings will come from Dell’s sales group, where the company plans to wring out about $800 million in expenses.
