HP is striving to get back to growth through job cuts.
Written by Reuters
New York |
1 min read
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Hewlett-Packard Co said it would cut 5,000 more jobs,bringing the total number of layoffs to 34,000,or 11 per cent of its workforce. The company said in a regulatory filing on Monday that it would record a charge of 4.1 billion in 2014,up from its prior estimate of 3.6 billion.
HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential. HP had estimated that it would cut about 29,000 jobs through fiscal 2014.
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