Hewlett-Packard said it expects to cut another 25,000 to 30,000 jobs in its enterprise business as part of its efforts to save costs. The company is separating the corporate hardware and services operations, to be called Hewlett Packard Enterprise, from its computer and printer businesses.

The expected job cuts will result in a charge of about $2.7 billion, beginning in the fourth quarter, HP said in a statement on Tuesday.

"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," Chief Executive Meg Whitman said.

The total job cuts planned by the company as part of Whitman's restructuring plan was 55,000 as of October last year.