Menu
HP may cut 25,000 jobs

HP may cut 25,000 jobs

Follows Dell's announcement of UK redundancies

HP is looking to cut at least 25,000 jobs in a bid to reduce costs and return to growth, according to media reports.

The cuts are expected to hit between eight to 10 percent of the company's more than 300,000 employees across the world, Reuters' sources have said.

The sources said that the job cuts are "under discussion" but have not been finalised.

Job losses could be announced as early as next week to coincide with HP's quarterly results. However, no time frame has been set for the redundancies, and the location of cuts is not known.

HP said it is not commenting on the "speculation".

HP's CEO and president Meg Whitman has been recently travelling the world to reaffirm the company's commitment to its customers.

At an event in London last week, she pledged to boost investment in R&D, declaring that innovation at the company was "alive and well".

Meanwhile in Shanghai, she reiterated HP's commitment to its PC business, promising that its new Printers and Personal Systems (PPS) division would get "more than its fair share" of the R&D investment.

Whitman reversed former HP CEO Leo Apotheker's decision to spin off the company's PC business when she took over in September 2011.


Follow Us

Join the newsletter!

Error: Please check your email address.

Featured

Slideshows

Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP honoured leading partners across the channel at the Partner Awards 2017 in New Zealand, recognising excellence across the entire print and personal systems portfolio.

Meet the top performing HP partners in NZ
Tech industry comes together as Lexel celebrates turning 30

Tech industry comes together as Lexel celebrates turning 30

Leading figures within the technology industry across New Zealand came together to celebrate 30 years of success for Lexel Systems, at a milestone birthday occasion at St Matthews in the City.​

Tech industry comes together as Lexel celebrates turning 30
Show Comments