HP Reportedly Mulling Huge Job Cuts

Pulkit Chandna

Last year, Hewlett-Packard briefly toyed with the idea of quitting the PC business. While that didn’t pan out as the powers that be at the company eventually decided against it, HP did launch a major restructuring effort by announcing the merger of its printing and PC divisions in March, 2012. According to recent reports, that restructuring effort also includes job cuts. Hit the jump for more.

These reports come on the heels of a recent research note by ISI analyst Brian Marshall, in which he told clients that he expected a “reduction in force” at HP. But there seems to be no consensus among the various reports, which are all based on unnamed sources, as to the extent of this workforce reduction. The different numbers floating around range from 8 percent to 15 percent of the company’s current workforce of 320,000 employees. According to AllThingsD , whose sources expect the company to lay off around 30,000 people in a graduated manner over a year or more, CEO Meg Whitman will make the big announcement when it announces its quarterly results next Wednesday.

Around the web

by CPMStar (Sponsored) Free to play