Bloomberg: HP Said to Consider Cutting Up to 25,000 Jobs


Published May 18, 2012 
Categories: Of Interest

Share via emailShare on Facebook+1Share on LinkedInShare on Twitter

Bloomberg is reporting, based on people briefed on the plans, that Hewlett-Packard is considering cutting as many as 25,000 jobs, or 8% of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services.

Bloomberg said the number to be cut includes 10,000 to 15,000 from Hewlett-Packard’s enterprise services group, which sells a range of information-technology services and has been beset by declining profitability.

To read the full Bloomberg report click here.

No comments

Tell us what you're thinking...

We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam, and we review comments frequently to ensure they meet our standards. Views expressed in the comments do not represent those of the Monitordaily.