Dell will reportedly lay off 12,500 employees this week, bringing the total to 24,500 in 15 months

Dell is the latest tech giant to lay off thousands of employees.

What you need to know

• Dell will reportedly lay off 12,500 employees this week.
• The move is being made to make the tech giant "leaner," according to a memo sent to Dell employees.
• If the estimated job cut figure is accurate, it would mean Dell has cut 24,500 jobs in the past 15 months.

Dell will cut thousands of jobs this week in a move that will reorganize the company's sales team and place a bigger emphasis on AI. While the company has not confirmed the exact figure, reports indicate that Dell will lay off 12,500 people. One former Dell employee, Ian Armstrong, referred to the layoffs as a "bloodbath" on LinkedIn. Armstrong also pointed people to an alumni channel aimed at helping people during the transition. This is only the latest set of massive cuts by the tech giant, which are estimated to total 24,500 over the past 15 months.

"We are getting leaner," said Dell executive Bill Scannell and John Byrne in a memo to employees sent out Monday. "We’re streamlining layers of management and reprioritizing where we invest."

Dell did not confirm how many employees will be laid off this week. A spokesperson said to Bloomberg, "through a reorganization of our go-to-market teams and an ongoing series of actions, we are becoming a leaner company."