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HP plans to cut 2,000 more jobs
Tuesday September 11, 2012 12:58:55 PM,
IANS
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San Francisco: Hewlett-Packard (HP) plans to cut 2,000 more jobs, expanding total
job cuts to nearly 29,000 in its latest reorganization efforts,
the company said in a document.
In a regular filing with the US Securities and Exchange Commission
Monday, the world's largest personal computer maker said it
expects to "eliminate approximately 29,000 positions in connection
with the 2012 Plan through fiscal year 2014", reported Xinhua.
HP said as of the end of July, the company has shed 3,800 jobs.
In May, HP said it would cut 27,000 jobs, around 8 percent of its
global workforce, and the cuts will spread over the next two years
till the end of its fiscal year 2014. The company estimated $3
billion to $3.5 billion would be saved from the restructuring and
said the money would be invested in research and development.
HP has not kept up with its rivals in recent year in key areas
like mobile computing.
According to data from research firm IDC, in the second quarter of
2012, HP remained world's largest personal computer maker with a
market share of 15.5 percent but saw shipments decline
significantly across regions.
Also Monday, HP introduced a series of updated and new all-in-one
desktop personal computers. Many of the new products have touch
screens, enabling users to scroll, swipe and tap through Microsoft
Windows 8's tablet-like interface.
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