FILE - Dell logo displayed on a phone screen and a laptop keyboard are seen in this illustration photo taken in Krakow, Poland on Oct. 30, 2021. (Photo by Jakub Porzycki/NurPhoto via Getty Images)
Dell Technologies Inc. will eliminate about 6,650 jobs because of a drop in demand for the company's personal computers.
The 6,650 jobs cut is about 5% of Dell's global workforce.
Dell's co-Chief Operating Officer Jeff Clarke wrote in a memo to employees that the company is experiencing market conditions that "continue to erode with an uncertain future," according to Bloomberg News.
Clarke explained that previous cost-cutting initiatives, which included a pause on hiring and limits on travel, are no longer sufficient.
GOOGLE'S SUNDAR PICHAI REPORTEDLY SAYS YEARLY BONUSES OF EXECUTIVES WILL SEE ‘VERY SIGNIFICANT’ CUTS
A spokesperson for Dell told Bloomberg News that department reorganizations and job cuts are an opportunity to drive efficiency.
Other companies — including Microsoft Corp., Amazon.com Inc. and Goldman Sachs Group Inc. — have recently slashed thousands of jobs to make up for a decline in demand, as consumer and corporate spending dips due to soaring inflation and heightened interest rates.
ARE TECH LAYOFFS THE CANARY IN THE US JOBS MARKET?
In January, layoffs in the U.S. were the highest in two years as technology companies reportedly cut jobs at the second-highest pace on record in preparation for a potential recession.
Get updates to this story on FOXBusiness.com.