Up to 25,000 layoffs expected at H-P

Hewlett-Packard (HPQ) is widely expected to cut thousands of jobs next week as part of a long-expected restructuring that will attempt to bring the computer maker's costs in line with business and its rivals' numbers, according to industry analysts.

The exact timing and number of layoffs isn't known, though observers speculate layoffs could range from 5,000 to 25,000 positions. The huge company, whose offerings range from digital cameras and printers to computers and corporate consulting, has 150,000 workers worldwide.

Source: USA Today


Posted: Fri - July 15, 2005 at 03:49 PM