HP to cut 8% of global workforce

Thursday 24 May 2012 | 09:29 CET | News
HP confirmed plans for a major restructuring, cutting 27,000 jobs or 8 percent of its global workforce. The restructuring, which will include an early retirement programme, is expected to save the company USD 3.0-3.5 billion per year by the end of fiscal 2014. In addition to job cuts, HP plans cost savings from supply chain optimization, SKU and platform rationalization, go-to-market strategy simplification and business process improvement. HP said the cost savings will be re-invested in growing the business, including spending on R&D; investments in marketing, sales productivity and tools

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Categories: Fixed / IT
Companies: HP
Countries: World
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