MAY 18, 2012 - 8:20 am
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 tags available
The financial services industry is entering unchartered territory as the economy attempts to navigate itself out of recession and into... read more