Rising borrowing costs and lower consumer spending have hit Dell's growth, as customers and businesses delay their system upgrades. Lifting of lockdowns in China, a key market as well a dominant supplier of electronics components, is being seen as a positive for PC makers, and it will help them rein in costs amid a sobering economic outlook. In early February, Dell said it will cut over 6,000 jobs to reduce costs and ride out the demand downturn wrought by high inflation and rising interest rates.