HP adds 2000 to layoff list
- 10 September, 2012 23:13
Hewlett-Packard's layoff just got a little bigger.
The company, in a US Security and Exchange filing, said it will eliminate 29,000 positions, an increase of 2000.
In May, HP announced plans to cut 27,000 employees by 2014, or about 8% of its global workforce of 350,000.
The company expects to cut about 12,000 employees by the end of its fiscal year, Oct. 31, thanks to a better than expected acceptance rate of its early retirement offering.
HP last month took an $8 billion charge against its services division.
In its SEC filing, the company said it is "reducing our cost structure and realigning our workforce to create investment capacity, support growth initiatives and innovation, and facilitate more effective operations."
Major changes were announced beginning last March, when the firm said it was consolidating its personal computer and printing businesses.
Patrick Thibodeau covers cloud computing and enterprise applications, outsourcing, government IT policies, data centers and IT workforce issues for Computerworld. Follow Patrick on Twitter at @DCgov or subscribe to Patrick's RSS feed. His e-mail address is firstname.lastname@example.org.
Read more about staff management in Computerworld's Staff Management Topic Center.
Join the Computerworld Australia group on Linkedin. The group is open to IT Directors, IT Managers, Infrastructure Managers, Network Managers, Security Managers, Communications Managers.
- Saving Time and Money with Savvy Use of Flash in Automated Storage Tiering
- Moving to a Private Cloud? Infrastructure Really Matters!
- Accelerate Cloud and Composite Application Delivery
- Pathways Advanced ICT Leadership Development Program Course Outline and Big 6 2013
- How the Cloud Changes the Game for Line of Business Managers in Midsize Companies
Australia lags Mongolia in Internet speeds
40 years ago, Ethernet's fathers were the startup kids
Windows 8 won't hit critical mass in enterprises, Forrester says
Dell replays Windows 8 blame card as PC sales slide
Optus launches 4G TD-LTE in Canberra