Dell is the latest tech giant to announce major job cuts – 6650 positions or 5% of its global workforce. But notably, the company insisted it was still investing in 5G and edge compute, where it anticipates sustained long-term growth. The job cuts will be focused in weak consumer areas, especially PCs and laptops, most directly affected by the global downturn of late 2022, which showed up clearly in Dell’s latest financial results for its fiscal third quarter (ended December 31). They revealed quarterly revenue down 6% year-on-year to $24.7bn, and net income down 93%. Yet the losses were incurred almost entirely by its Client Solutions Group (CSG) where revenues were down 17% year-on-year, while its smaller but faster-growing Infrastructure Solutions…