Hewlett-Packard to cut up to 16,000 more jobs
The ax is falling once again at Hewlett-Packard.
HP announced Thursday that it will cut an additional 11,000 to 16,000 jobs, after previously revealing plans for 34,000 layoffs.
The news came as part of the company’s record quarter financial results, which were in line with analyst expectations.
HP originally announced the layoff plans in 2012 in an effort to streamline its teetering PC and services businesses.
The company has been contending with consumers’ shift from PCs to mobile devices, as well as a declining printing business and some ill-fated acquisitions.