Just getting going with the axe. Pulling out of mainframe business this month. Sorry, 'restructuring' lol.
Witness how many jobs were lost with the HP/CPQ merger. 10s of 000s over the years following merger. Oh, and then the once-proud business model failed leaving the miserable husks of once great business lumbering on, muttering about "its a software business. No it's a services business. No it's a Cloud business."
Beware Dell EMC - early onset hubris. IBM got too big, tripped and fell. HP got too big, stumbled and fell.
I guess the private investors will float/IPO again in 5 years, after extensive cost cutting, take their billions and leave DellEMC (DellemA?) to follow the other IT giants in history,