Dell Technologies is forecasting fourth-quarter revenue in the range of $24 billion to $25 billion, falling short of Wall Street's expectation of $25.57 billion. The shortfall is attributed to a decline in demand for traditional PCs and heightened competition from rival server makers, according to a report by Reuters.

Adding to the challenges, Dell's Co-Chief Operating Officer Chuck Whitten has observed more cautious behavior among customers throughout the quarter, illustrating a tough sales environment. Furthermore, employee satisfaction within Dell has declined, with their annual "Tell Dell" survey revealing a significant drop in employee net promoter score from 62 to 48, as noted by Bloomberg.

In response to these hurdles, Dell is implementing cost-cutting measures that include ongoing workforce reductions. The company remains focused on managing expenses in light of the subdued demand for PCs, aiming to navigate the difficult market conditions effectively.