Hewlett-Packard to Lay Off 14,500 to Save $1.9 Billion

Hewlett-Packard said today it would lay off 14,500 employees, almost 10 percent of its staff, in the next year and a half and freeze its pension plan for new and existing workers who have not vested in it yet.

Source: NYTimes


Posted: Tue - July 19, 2005 at 09:24 AM