Hewlett-Packard to slash 27,000 jobs
May 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.
- HP plans to cut 2,000 more jobs - Sep 11, 2012
- Is Meg Whitman going to be named as CEO of HP? - Sep 23, 2011
- HP to keep PC business - Oct 28, 2011
- HP posts decline of quarterly profit, sales - Feb 23, 2012
- HP quarterly profit plunges - Nov 22, 2011
- Amazon launches 'Kindle Fire' for $199 - Sep 28, 2011
- HP unveils tablet - Nov 04, 2011
- HP may buy software company for $10 bn: Report - Aug 19, 2011
- HP to exit PC business - Aug 19, 2011
- Indra Nooyi among 18 women leading Fortune 500 - May 09, 2012
- HP CEO Mark Hurd resigns over sexual harassment charges - Aug 07, 2010
- HP recalls 78,740 laptop batteries - Jun 03, 2011
- HP Slate 500: Can It Challenge The iPad? - Oct 22, 2010
- HP Appoints Leo Apotheker As The New CEO - Oct 01, 2010
- Hewlett-Packard Co. CEO Mark Hurd Resigns As CEO - Aug 07, 2010
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