Dell has cut 6,650 jobs, cutting 5 percent of its global workforce

Dell Technologies Inc will cut about 6,650 jobs, or 5 percent of its global workforce, as demand for its personal computers plummets, Bloomberg News reported Monday.

The company “continues to experience deteriorating market conditions with an uncertain future,” co-chief operating officer Jeff Clarke wrote in a memo to employees, the report said.

Earlier cost-cutting measures, including a hiring freeze and travel limits, are no longer enough, Clark said in the memo.

Departmental reorganizations and job cuts are an opportunity to increase efficiency, a company spokesperson told Bloomberg News.

Dell did not immediately respond to a Reuters email for comment.

Companies ranging from Microsoft Corp to Amazon.com Inc and Goldman Sachs Group Inc have recently cut thousands of jobs to help offset falling demand as consumer and corporate spending shrinks due to high inflation and rising interest rates.

Layoffs in the U.S. hit a more than two-year high in January as tech companies cut jobs at the second-highest pace, bracing for a potential recession, a report showed Thursday.