Thursday, May 24, 2012

HP Q2: Confirms 27,000 Job Cuts To Save Up To $3.5 Billion By 2014

HP-logo2HP is going to announce Q2 results today but first breaking a bit of bad news: it has confirmed 27,000?job cuts that should save between $3 billion and $3.5 billion by 2014. The company is a tech behemoth: it employs 350,000 people worldwide, before these cuts were announced. This means the cuts are equivalent to about 8 percent of its workforce.

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