HP announced today that it will lay off thousands of workers as part of a restructuring effort.
The company, which employs over 300,000 people worldwide, said that the job cuts will affect "several thousand" employees. HP did not say how many jobs will be cut in total, but the company said that the layoffs will span "multiple geographies and business units."
The job cuts are part of a larger restructuring effort that HP announced last month. As part of that effort, HP said that it would cut up to 16,000 jobs, or about 5% of its workforce.
HP said that the job cuts are necessary to "simplify" its business and make it more efficient. The company also said that the cuts would help it save money.
The job cuts come as HP is trying to turnaround its business. The company has been struggling in recent years, and it has been looking to streamline its operations and focus on more profitable businesses.
HP's layoffs are the latest in a series of job cuts in the tech industry. In the past year, companies such as Microsoft, Intel, and IBM have all announced layoffs.