Dell plans to lay off roughly 5% of its workforce

Dell plans to lay off roughly 5% of its workforce, the company said in a regulatory filing on Monday, in the latest example of tech companies cutting costs amid an uncertain economic climate.

Dell has about 133,000 employees, the company told CNN. At this level, a 5% reduction would amount to more than 6,500 employees.

The computer giant cited "challenging global economic conditions" for the cuts. In a letter to employees, Jeff Clark, vice chairman of Dell, said the steps the company has already taken, such as restricting employee travel and suspending outside hiring, are not enough.

“We know that market conditions continue to deteriorate and the future remains uncertain. The steps we have taken to avoid the effects of the economic downturn, which enabled several strong quarters in a row, are no longer enough. We now need to make additional decisions to prepare for what’s to come,” Jeff Clark explained the company’s decision to employees.

The move comes as layoffs continue to spread throughout the tech industry. Amazon, Microsoft, Google and others have announced plans to cut thousands of workers as companies adjust to changing pandemic demand and fears of a looming recession.

Dell also faced a decline in demand for personal computers.