Bank of America to layoff in masses

Computer maker Hewlett-Packard (HP) has laid off about 22,700 jobs as of July as part of its multi-year restructuring programme to cut costs. The US-based firm intends to eliminate a total of 29,000 positions in connection with its plan that will extend till 2014 fiscal, which it expects will cost about USD 3.6 billion in severance and other charges.

Read the Times of India news report here.