Today's Hard|Forum Post
Today's Hard|Forum Post

Wednesday May 23, 2012

HP Laying off 27,000 Workers in Restructuring

It looks like the rumor we reported on last week is true, HP just announced it is laying off 27,000 workers to cut costs. frown

Hewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business. The Palo Alto, Calif., company says 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.