Dell Technologies, the newly formed company now that EMC has joined Dell, is planning on cutting 2,000 to 3,000 jobs, unnamed sources have told Bloomberg’s Dina Bass and Brian Womack. The $67 billion acquisition of EMC by Dell closed on Wednesday. It’s the largest acquisition in tech history, and created a new tech company with 140,000 employees.

Now that EMC is part of Dell, Dell hopes to find cost savings of about $1.7 billion in the first 18 months, Bloomberg reports. However, these sources reaffirmed what Michael Dell has been publicly saying, that the company is far more focused on increasing sales than cost-cutting. READ MORE