Thursday, May 17, 2012

HP will reportedly announce restructuring plan next week, up to 30,000 job cuts

HP will reportedly announce restructuring plan next week, up to 30,000 job cuts

It looks like HP could be in store for another wave of big changes. According to a pair of reports out today (backing up a report from Business Insider yesterday), HP CEO Meg Whitman will announce a new restructuring plan on the company's earnings call next Wednesday - a plan that will entail some significant job cuts. Bloombergpegs those cuts in the neighborhood of 25,000, while All Things D says they could include as many as 30,000 jobs, noting also that the number is still a "moving target." To put that in perspective, the company currently employs some 320,000 people worldwide.

Engadget, HP will reportedly announce restructuring plan next week, up to 30,000 job cuts

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