HP to cut more jobs in reorganization
US computer giant Hewlett-Packard has announced it was cutting an additional 11,000 to 16,000 jobs as part of its restructuring plan. The new cuts, announced yesterday 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. “With the first half of our fiscal year completed, I’m pleased to report that HP’s turnaround remains on track,” said Meg Whitman, President and Chief Executive Officer.
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