HP to axe another 30,000 jobs

More workers to be let go under scheme designed to save $2.7bn a year

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HP to axe another 30,000 jobs Whitman: These final actions will eliminate the need for any future corporate restructuring.
By  Stephen McBride Published  September 16, 2015

HP yesterday announced further job cuts, of 25,000 to 30,000 ahead of its planned corporate split later this year, in a move intended to save $2.7bn a year, Reuters reported.

As of October last year, HP had around 300,000 employees, so the latest round of layoffs would amount to the shedding of as much as 10% of its workforce.

This is not the first time CEO Meg Whitman's ongoing turnaround plan for the world's former number-one PC maker has slashed jobs. Since Whitman assumed the chief executive role in September 2011, the company has, previous to yesterday's announcement, cut 55,000 workers.

The latest jobs will come from the company's enterprise hardware and services divisions, which will become known as Hewlett Packard Enterprise, or HPE, from 1 November.

HP did not provide any details on how the cuts would be broken down regionally, only that they would be felt globally.

"We've done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring," Whitman said in a statement.

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