Job loss fears as Hewlett-Packard to lay off 30,000 people



By Abhirup Roy and Heather Somerville

Hewlett-Packard Co, which is splitting into two listed companies later this year, has said that it expects to cut another 25,000 to 30,000 jobs in its enterprise business as the tech pioneer adjusts to falling demand.

The latest cuts, on top of layoffs of 55,000 workers previously announced under chief executive Officer Meg Whitman, notably will be in the company’s faster-growing corporate hardware and services operations, to be spun off as Hewlett Packard Enterprise, or HPE, on Nov. 1.

The company indicated the cuts will be global, but provided no specifics – it employs 4,000 here.

The latest job cuts indicate a reduction of the company’s total workforce by at least 10 percent, based on the company’s most recent number of more than 300,000 employees as of Oct. 31, 2014, and reflecting the previously announced reduction of 55,000.

“Read the Full Article at >>>>”

Comments Closed

Comments are closed.