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!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments