Hewlett-Packard to Cut Up to 30,000 More Jobs in Restructuring
- Reducing 30,000 positions part of $3 billion in expected costs
- Company targets fixes for enterprise business after split
HP Cuts 33,000 Jobs As Rain Clouds Never Seem to End
Hewlett-Packard Co.’s decision to cut payroll by as many as 33,300 more jobs is the latest reminder of the decline of a pillar of the U.S. computer industry and underscores Chief Executive Officer Meg Whitman’s urgent efforts to gird the company against nimbler rivals.
It was just seven years ago that Hewlett-Packard almost doubled its workforce with the acquisition Electronic Data Systems Corp. to about 320,000 employees, according to data compiled by Bloomberg. Today, its recipe for survival is to break in two, seeking to respond to competition by homing in on narrower product categories. One of the new businesses, Hewlett Packard Enterprise, will supply businesses with high-end technology, while HP Inc. will sell personal computers and printers.