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Dell Technologies is cutting 6,650 jobs due to declining demand for personal computers.
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The job cuts represent 5% of Dell's global workforce.
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The company has seen a 37% decline in PC shipments in the fourth quarter of 2022 compared to the previous year.
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55% of Dell's revenue comes from PCs.
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The job cuts are part of a department reorganization to drive efficiency.
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Other tech companies, including HP, Cisco Systems, and IBM, have also announced job cuts.
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The tech sector has seen a 649% increase in job cuts in 2022 compared to the previous year.
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After the job cuts, Dell's headcount will be at its lowest in six years.
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Only one-third of Dell's employees are based in the US.
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The job cuts are a result of market conditions that are continuing to erode.