Dell Technologies is the latest technology company to announce job cuts, saying Monday that it will be cutting about 5 percent of its workforce, or about 6,600 jobs.


According to a Securities and Exchange Commission (SEC) filing, Dell will cut 5 percent of its global workforce to respond to a “challenging global economic environment.”


Co-Chief Operating Officer Jeff Clarke said in an email to employees that the company is facing market conditions that “continue to erode with an uncertain future,” which will require restructuring the organization and letting some employees go.


Dell is the latest company in the technologies industry to announce layoffs. PayPal and Workday also announced rounds of job cuts last week, eliminating 7 percent and 3 percent of their workforces, respectively.