HP to cut 5,000 more employees this year

Written By Unknown on Kamis, 02 Januari 2014 | 12.33

Hewlett-Packard, the computing giant, has confirmed that it will lay off 5,000 more employees than originally planned by next fall.

In 2012, the California-based company announced plans to cut 29,000 workers by October 2014, but said that number could vary by 15 percent.

In a securities filing on Tuesday, the company said the number will end up at 34,000 total, citing "continued market and business pressures."

An HP spokesman would not comment on any effect the additional cuts would have on HP's 800 employees in Andover, or what departments would see layoffs.

Cutting costs has helped HP weather increased competition and declining PC sales. Revenue fell 7 percent through Oct. 31, but the company posted 
$5.1 billion in net profit.


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