NEW YORK (

TheStreet

) -- Computer giant

HP

(HPQ) - Get Report

is reportedly set to cut 8% of its workforce, or roughly 25,000 jobs.

Citing undisclosed people who have been briefed on the issue,

Bloomberg

said HP is being forced to rightsize its staff to cope with slow demand for its products and services.

HP's enterprise services group is expected to see a workforce reduction of 10,000 to 15,000 people. The company may be able to offer early retirement packages to several thousand of the workers, Bloomberg said.

HP is slated to report its fiscal second-quarter results on May 23. Analysts polled by

Thomson Reuters

are looking for earnings of 91 cents per share on revenue of $29.93 billion.

Shares of HP are higher on the day, up 0.36% to $22.11.

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--

Written by Chris Ciaccia in New York

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