When Large American "Tech" Companies Can No Longer Complete Payroll
Two months ago: Salaries Are Counted in Money, Not in Participation in the Employer's Scheme
Dell's debt has risen sharply, up by almost 4 billion dollars in just 3 months. That's a lot of debt for a company of this size or commercial clout/magnitude.
In spite of several very large waves of Dell layoffs, which the media reported on, it seems like they are still experienceng payroll problems, maybe that's why money is being borrowed.
If you think this is just a "Michael Dell problem", then you're not paying attention. Last month we heard from an NVIDIA insider that NVIDIA tries to pay workers in "tokens" (stock) and prevents them selling away those "tokens" until after those on top of the pyramid (scheme) dump their shares.
This is how bad the market has become and how dodgy the bubble was allowed to be (complicity of the regime). Then consider what has just happened to Intel after the regime bailed it out. █
