HP looks to cut 25,000 jobs
Monday, May 21, 2012
HP is planning to cut their workforce by as many as 25,000-30,000 in the coming months attributed to a source close to the company according to the Financial Times.
The move would rank as one of the biggest mass lay-offs from a US company in the last decade and would take the form in part from an early retirement offer focused within service divisions.
The cuts would represent one of the largest measures by the company to achieve savings and reverse the companies falling value from increased competition.