From CNET: Hewlett-Packard announced Tuesday that it plans to cut another 25,000 to 30,000 jobs as the once-iconic company prepares to split into two publicly traded companies.
The cuts, which amount to about 10 percent of the company's 300,000-employee global workforce, will primarily impact the company's enterprises services group, which focuses on cloud technology and cyber security. The job cuts are part of a restructuring plan expected to save the company $2.7 billion in annual costs, the company said.
"These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise," HP CEO Meg Whitman said in a statement. "We've done a significant amount of work over the past few years to take costs out and simplify processes, and these final actions will eliminate the need for any future corporate restructuring."
The cuts are in addition to 55,000 jobs HP announced in August it planned to eliminate. Since Whitman took over HP in 2011, there have been several rounds of layoffs at the Palo Alto, California-based company, including 39,000 announced in 2013 and 16,000 last year.
View: Article @ Source Site
