Hewlett-Packard to cut up to 16,000 more jobs

News

Hewlett Packard headquarters in Palo Alto, CA

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

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.

 

Latest News

More News

National News

More National

Washington D.C.

More Washington

Your Local Election HQ

More Your Local Election HQ

Latest News

More News

KFOR Digital Originals

More Digital Original

Popular

Follow @KFOR on Twitter

Border Report

More Border Report