Hewlett-Packard to cut 14,500 jobs
In a move which I mentioned on Sunday, HP is slashing almost 15,000 jobs from it's workforce.
An AP newswire article this morning, via MSNBC News, provides additional details:
Personal-computer maker Hewlett-Packard Co. on Tuesday said it will cut 14,500 jobs, about 10 percent of its full-time staff, as part of a restructuring plan designed to save $1.9 billion annually and boost business performance.
The job cuts will occur over the next six quarters, the Palo Alto-based company said.
Most of the job cuts will come in support functions — such as information technology, human resources and finance — and the rest will be made inside business units.
posted by Fergie @ 7/19/2005 07:21:00 AM
0 Comments:
Post a Comment
<< Home