Reports: HP poised to eliminate up to 30,000 jobs

May 17, 2012

(AP) -- Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.

Bloomberg News says HP is mulling 25,000 job cuts. All Things D, a technology blog, estimates the purge will jettison 30,000 jobs. Both reports cited unnamed people familiar with HP's plans.

Hewlett-Packard Co. declined to comment Thursday.

The Palo Alto, Calif., company ended its last fiscal year with nearly 350,000 employees. Based on that, HP is considering a 7 to 9 percent decrease in its workforce.

Analysts estimate a payroll reduction of that size would save HP more than $1 billion annually.

The job cuts could be announced next Wednesday, when HP is scheduled to report its .

Explore further: Reports: HP to combine printer, PC divisions

0 shares

Related Stories

Hewlett-Packard begins Palm unit layoffs

September 20, 2011

Hewlett-Packard said Tuesday that it has begun laying off workers as part of its move to give up on the webOS mobile operating system it got when it bought Palm.

Hewlett-Packard reports higher 3Q earnings

August 19, 2011

(AP) -- Hewlett-Packard Co. reported an increase in its third-quarter net income on Thursday, but the technology company gave a lower-than-expected outlook for the current quarter and cut its outlook for the year for the ...

Hewlett-Packard to cut 9K jobs in services unit

June 1, 2010

(AP) -- Hewlett-Packard Co. said Tuesday it will lay off about 9,000 workers in the unit that provides technology services to other businesses as the company consolidates and automates its commercial data centers.

HP plans one last production run for the TouchPad

August 31, 2011

Hewlett-Packard said Tuesday it plans one last production run of the TouchPad, which has become a hot seller following a price cut and the announcement the company was killing the tablet computer.

Recommended for you

Wireless power could enable ingestible electronics

April 27, 2017

Researchers at MIT, Brigham and Women's Hospital, and the Charles Stark Draper Laboratory have devised a way to wirelessly power small electronic devices that can linger in the digestive tract indefinitely after being swallowed. ...

New design tool to enable global roaming smart phones

April 26, 2017

Wireless communications is a technology that is used every day. Across society, there is a move away from using the internet on desktop computers and towards smartphones, tablets and laptops. Engineers at the University of ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.