The company is experiencing market conditions that “continue to erode with an uncertain future”, co-chief operating officer Jeff Clarke wrote in a memo to employees, the report said.

The previous cost-cutting measures, including a pause on hiring and limits on travel, are no longer enough, Clarke said in the memo.

The department reorganisations and job cuts are an opportunity to drive efficiency, a company spokesman told Bloomberg News.

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

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

Layoffs in the US hit a more than two-year high in January as technology firms cut jobs at the second highest pace on record to brace for a possible recession, a report showed on Thursday.