Hewlett-Packard has announced plans to cut between 25,000 and 30,000 jobs from its global workforce.

The cuts are part of wider plans to split the business into two separate entities. Hewlett-Packard Enterprise, which will separate from its printer and personal computer business, will bear the brunt of the cuts.

The technology giant said the restructure of the company will cost $2.7 billion, but it will save that amount in wage costs from the job cuts.

HP chairman and chief executive Meg Whitman said: "We've done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring."

HP is already currently in the process of completing 55,000 job cuts started in 2012.