UNDATED (CNN) -- About 25,000 Hewlett-Packard employees could be getting pink slips.
Sources tell Fortune that the company is preparing to announce another round of job cuts this afternoon.
HP is the world's largest technology company and has nearly 350-thousand employees.
Its CEO, Meg Whitman, wants to make it a leaner, more efficient company.
Overall, the PC industry is stalled and HP's sales 15 percent over the holiday season.