Beleaguered Dell said Monday it hopes to save up to $3 billion over the next three years via cost cutting and employee layoffs.

“The world’s No. 2 computer maker said it will close its desktop manufacturing facility in Austin, Texas,” The Associated Press reports.

“Round Rock, Texas-based Dell is also reaffirming its plan — announced last year — to cut at least 8,800 jobs, or about 10% of its workforce,” AP reports. “In the last nine months of fiscal 2008, the company cut 3,200 jobs.”

Full article here.

MacDailyNews Take: Instead of prolonging the misery, Mr. Dell should just shut it down and give the money back to the shareholders.

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