Hewlett-Packard Co. will lay off around 30,000 of its employees once it’s long-awaited split takes place in around six weeks time.

The troubled tech giant told analysts this week that the bulk of the cuts will be made from HP Enterprise, the half that will focus on selling software and services to big businesses. However, HP Inc., the part that will continue selling PCs and Printers, will not escape completely unscathed, with reports suggesting it will axe up to 3,300 staff.

Speaking at a meeting with analysts in San Jose, California on September 15, soon-to-be HP Enterprise CFO Tim Stonesifer said that the company should be able to save $2.7 billion a year through the redundancies, which will take a fairly big chunk of the 300,000 odd people HP as a whole currently employs.

Stonesifer explained to analysts that the cuts would result in a $2.7 billion GAAP charge with $2.6 billion in cash payments, to be paid out over the next three years. But once those charges are absorbed, HP Enterprise figures the $2.7 billion a year it’ll save will more than justify the decision.

“Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business,” HP enterprise CEO Meg Whitman told the analysts.

HP’s redundancies had been expected for some time, and come after the company just finished sheeding 55,000 jobs in an earlier round of redundancies.

The details of HP’s decision can be seen in these slides. According to reports, it’s said that the job cuts were made after HP’s recent stock buyback scheme failed to have the desired effect in Q2 and Q3 this year.

“Hewlett Packard Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business,” said Whitman. “As a separate company, we are better positioned than ever to meet the evolving needs of our customers around the world.”

Whitman assured analysts the latest redundancies are part of the company’s “final actions”, and will “eliminate the need for any future corporate restructuring”.

As for HP Inc., that company is looking to trim a reported $6.8bn total debt that it’s due to report when it begins life on its own on November 1. HP Inc.’s incoming CFO Cathy Lesjack told analysts at the same meeting it will shed 3,300 jobs at a cost of $300 million as it looks for a way to keep overheads down.

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