Monday, August 21, 2017
Close  
technology /

Reports: HP poised to eliminate up to 30,000 jobs

technology /
  • share this

Reports: HP poised to eliminate up to 30,000 jobs

/ 05:45 AM May 18, 2012

SAN FRANCISCO  — Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

Bloomberg News says HP is mulling 25,000 job cuts. All Things D, a technology blog, estimates the purge will jettison 30,000 jobs. Both reports cited unnamed people familiar with HP’s plans.

Hewlett-Packard Co. declined to comment Thursday.

ADVERTISEMENT

The Palo Alto, California, company ended its last fiscal year with nearly 350,000 employees. Based on that, HP is considering a 7 to 9 percent decrease in its workforce.

Analysts estimate a payroll reduction of that size would save HP more than $1 billion annually.

The job cuts could be announced next Wednesday, when HP is scheduled to report its quarterly earnings.

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Computer, Hewlett Packard, technology
For feedback, complaints, or inquiries, contact us.




© Copyright 1997-2016 INQUIRER.net | All Rights Reserved