HP may cut up to 16,000 more jobs as results disappoint

Home Forums HP may cut up to 16,000 more jobs as results disappoint

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    Anonymous

    Technology News

    A view of the Hewlett Packard headquarters in Palo AltoBy Edwin Chan SAN FRANCISCO (Reuters) – Hewlett-Packard Co plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins. But some analysts wondered whether it signaled a worsening outlook for the coming year, or if more jobs may be cut. “The rationale makes sense,” said RBC analyst Amit Daryanani. So far the trend has been worrisome.” HP, whose sprawling global operations employ more than 250,000, estimated about three years ago when it first hatched its sweeping overhaul that it would need to shed 27,000 jobs.


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