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.
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.