HP cuts more jobsJust less than a week ago, we were wondering whether HP is on course to reduce their workforce by at least 25,000 people, and it seems that this bit of speculation had some truth in it after all – in fact, it now looks as though it is the truth, the whole truth, and nothing but the truth. Meg Whitman, the HP chief who stepped into her position last September announced that HP will be laying off approximately 8% of its 300,000 workforce – that amounts to 24,000 people at the very least. This lay off structure will happen over the course of the next two years, and it looks set to be one of the numerous upcoming changes which are heading our way.

The layoffs have been tipped to help HP save around $3.5 billion each year, and that alone is but a solitary phase of a restructuring program that intends to deemphasize the relatively low-margin PC and printer business while focusing on the future – as well as more lucrative, of course, cloud computing services.

This article was filed in Homepage > Computers and was tagged with HP. The story was spotted on finance.yahoo
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