Wednesday, May 23, 2012

HP to cut 27,000 jobs to save up to $3.5B annually

 

FILE - This Feb. 21, 2012 file photo shows a Hewlett Packard logo in Frisco, Texas. Hewlett-Packard said Wednesday, May 23, 2012 that it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business. The Palo Alto, Calif., company said it'll save $3 billion to $3.5 billion annually from cost cuts, including the layoffs. Hewlett-Packard Co. expects to complete the job cuts by the end of fiscal 2014. (AP Photo/LM Otero, File)Hewlett-Packard Co. plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.

HP to cut 27,000 jobs to save up to $3.5B annually
Wed, 23 May 2012 21:01:04 GMT

No comments:

Post a Comment

My Zimbio