Hewlett Packard Enterprise Co (NYSE:HPE) is reportedly planning to cut 5,000 jobs.

According to a recent report, the HP Enterprise layoffs are part of an effort to save money as it deals with increasing competition. If this report turns out to be true, then it will have HPE reducing its workforce by 10%.

News of the upcoming HP Enterprise layoffs come from unnamed individuals that are close to the matter. These people aren’t being identified due to the private nature of the news. They also claims that the layoffs will start before the end of the year.

This new round of HP Enterprise layoffs will reportedly target workers in the U.S. and around the world. Managers are also said to be included in these layoffs. The layoffs don’t come as much of a surprise. HPE CEO Meg Whitman said earlier this month that she has plans to cut parts from the company and reach $1.5 billion in savings over a three-year period, reports Bloomberg.

Whitman has been working to make HP Enterprise into a stronger company since it was split off from HP Inc (NYSE:HPQ). She has called the effort one of the “largest transformations in American business history.”

The HPE CEO has already cut most of the company’s business in China and the consulting  division. It’s main focus is now on cloud service, cybersecurity, enterprise Wi-Fi and other efforts. Whitman has also been pushing for better profit margins by the end of 2017, notes CNBC.

HPE stock was up slightly as of Friday morning, but is down 39% year-to-date.

As of this writing, William White did not hold a position in any of the aforementioned securities.