HP increases job cuts to 55,000 in reorganisation bid
This is at least 5,000 more than its previous estimate, says the US tech giant.
NEW YORK: Hewlett-Packard (HP) said on Monday (Oct 6) that its corporate reorganisation would result in a total of 55,000 jobs slashed - at least 5,000 more than its previous estimate.
The US tech giant said it had increased its prior estimate of 45,000 to 50,000 job losses "independent of the separation transaction".
HP had on Monday confirmed that it would split into two separate, listed companies by splitting its computer and printer businesses from its corporate hardware and services operations.
- AFP/al
- wong chee tat :)
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