Money & Jobs

Hewlett-Packard [HP] to cut 30,000 jobs

The planned division into hardware and server business for Hewlett-Packard are now followed by extensive job cuts.

Hewlett-Packard plans to split up the company and this is going to affect between 25,000 and 30,000 jobs. The business with computers and printers will go into a new company, while the server area with the attached data storage and services, will migrate into a new section.

Cutting the jobs
As early as 2012, HP began job cuts on the order of 55,000. With the new planned reduction of another 30,000 jobs, the company wants to save up to 2.6 billion dollars.

Bad business figures
Overall, this split will account for over 3 billion US dollars. Business for HP is not good these days, something you can clearly see in figures the company posted in the third quarter. The company had recently recorded a sales decline of 8 percent. As a possible reason for these problems, analysts point out the delayed entry of HP in the mobile sector.

About the author

Adil Khan

Adil Khan

Adil Khan is a 30 years old Nerd who has been playing with his toys, computers and electronics, since the late 90's. His passion lies in the digital world of 1's and 0's i.e. until quantum computers are available for purchase :)

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