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

Monday September 10, 2012

HP Expands Job Cuts By 2,000

HP is expanding job cuts from the previously announced 27,000 employees to 29,000 employees. Considering HP posted the largest loss in company history on her watch, maybe the CEO could forfeit her millions in bonuses to save a few of those jobs?

In a regulatory filing Monday, the computer and printer maker said it will cut 29,000 jobs by October 2014, up from the 27,000 cuts it announced in May. The company also says it expects to record charges of $3.7 billion, mainly for the job cuts. That's up from the May estimate of $3.5 billion.