Hewlett-Packard To Eliminate 9,000 Jobs

SAN FRANCISCO (Reuters) - Hewlett Packard now plans to layoff 29,000 employees, increasing the tot

Hewlett-Packard reportedly has decided on a restructuring that will eliminate 30,000 jobs worldwide. The company isn't expected to say anything publically until next week when it announces quarterly earnings. » E-Mail This     » Add to Del.icio.us

Known for computers and printers, HP is also building up business in computer services to compete with IBM. The company says productivity gains and automation will allow it to make the cuts. While its issuing pink slips, the company also plans to add 6,000 jobs worldwide as it adjusts its business model.» E-Mail This     » Add to Del.icio.us

Hewlett-Packard is to shed 9,000 jobs worldwide as it creates fully-automated commercial data centres.

The company may cut about 8 percent of its workforce as part of a restructuring.» E-Mail This     » Add to Del.icio.us

ByCatalyst Investments:Hewlett-Packard (HPQ) did not have a good year in 2012.

Guest post written by David Astorino David Astorino is a Senior Partner and Global Practice Leader-Senior Team Effectiveness at RHR International. Hewlett-Packard recently announced that it will eliminate 27,000 jobs in an effort to cut costs. In early April, Yahooannounced a 14 percent cut in its workforce ? the most drastic reduction in the company's ...

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