Hewlett-Packard to cut more jobs in reorganisation

May 23, 20141:09 pm326 views
Hewlett-Packard to cut more jobs in reorganisation
Hewlett-Packard to cut more jobs in reorganisation

[NEW YORK] US computer giant Hewlett-Packard announced on Thursday it was cutting an additional 11,000 to 16,000 jobs as part of its restructuring plan.

The new cuts, announced as HP revealed a slump in revenues, come on top of 34,000 post reductions planned under a program begun in 2012.

“As HP continues to reengineer the workforce to be more competitive and meet its objectives, the previously estimated number of eliminated positions will increase by between 11,000 to 16,000,” said a statement released with the company’s quarterly results.

The moves come with HP struggling to keep up with a shift away from traditional personal computers to mobile devices, a segment dominated by the likes of Apple and South Korea’s Samsung.

 

source: businesstimes.com.sg

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