Hewlett-Packard Expected to Ax 30,000 Jobs
Hewlett-Packard, one of the world’s biggest computer and software corporations, is expected to cut as many as 30,000 jobs — 8 percent of its workforce — as consumer demand for oversized PCs fades in favor of sleek, compact tablets, like Apple’s iPad. –ARK
The computer and software company, which employs 324,600 people worldwide, is expected to announce it is cutting 8% of its workforce when it updates shareholders on its latest financial results on Wednesday.
The cuts come as HP’s new chief executive, Meg Whitman, gets to grips with the company’s recent fall from grace as consumers ditch bulky PCs in favour of tablets, such as Apple’s iPad. Analyst say it has also failed to keep pace with the switch to cloud computing.