March 25 (Reuters) - Dell Technologies ( DELL ) reduced

its workforce as part of a broader initiative to cut costs that

included limiting external hiring and employee reorganizations,

it said in a filing on Monday.

As of Feb. 2, 2024, it had nearly 120,000 employees, down

from about 126,000 a year earlier.

The layoffs come after sluggish demand for its personal

computers for nearly two years partly contributed to a 11% drop

in revenue in fourth-quarter earnings posted last month.

Dell expects net revenue in its client solutions group (CSG)

- home to PCs - to grow for the entire year, it said on Monday.

The segment's revenue had fallen 12% in the fourth quarter.

While Dell cautioned against near-term challenges, the

company expects demand to improve and pricing environment to be

more competitive in FY 2025.

However, the company expects input costs to rise and added

there is likely to be "continued reduction of our other

businesses' net revenue as a result of the change in our

commercial relationship with VMware".

Dell bought back shares tied to its interest in software

maker VMware, paving the way for it to return to the market in

2018. Chipmaker Broadcom closed its $69 billion

acquisition of VMware last year.

Last year, Dell slashed 6,650 jobs, when it braced for a

potential recession and demand for personal computers dwindled.