Hewlett-Packard to slash 27,000 jobsMay 24th, 2012 - 8:30 pm ICT by IANS
London, May 24 (IANS) The world’s largest maker of personal computers, Hewlett-Packard has announced plans to cut 27,000 jobs.
The move, which will affect about eight percent of the company’s 350,000-strong workforce, will form part of a cost-cutting drive aimed at saving up to 2.2 billion pounds a year, Daily Mail reported Thursday.
The company, which has operations in 180 countries and employs about 20,000 people in Britain, said the changes would “impact just about every business and region”.
The jobs will go by October 2014 in the largest payroll purge in the group’s 73-year history. It comes eight months after HP hired Meg Whitman as chief executive to turn the company around, the newspaper said.
The former chief executive of eBay joined HP last September as rival products such as the iPad tablet computer ate into HP’s sales.
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Tags: chief executive, daily mail, ebay, eight months, hewlett packard, hp, jobs, last september, london, may 24, meg whitman, payroll, personal computers, purge, rival products, s sales, tablet computer, workforce