Hewlett-Packard to cut 5,000 more jobs

Thursday, 2 January 2014 00:00 - - {{hitsCtrl.values.hits}}

REUTERS: Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11% of its workforce. The company said in a regulatory filing on Monday that it would record a charge of $ 4.1 billion in 2014, up from its prior estimate of $ 3.6 billion. HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential such as enterprise services.HP had estimated that it would cut about 29,000 jobs through fiscal year 2014. The company had about 317,500 employees as of 31 October.

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