HP restructuring, up to 30,000 jobs on the block


Hewlett-Packard will be restructuring soon, according to reports, and sources say that CEO Meg Whitman will be discussing the possible elimination of around 30,00 jobs from the company.

A report yesterday from Business Insider claimed that between 10 and 15% of HP’s 320,000-strong workforce stood to lose their jobs. More recent reports suggest that 25,000 employees face being made redundant but an unnamed source has said that the job losses can be considered a “moving target” that could shift either up or down.

Whitman will apparently market the job cuts to investors as a means to make new investments rather than as a way to boost the company’s bottom line. Sources say that some employees, along the lines of 5,000 of them, will be encouraged to take voluntary retirement as part of the downsizing.

Source: AllThingsD


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