Hewlett-Packard Plans to Cut 27,000 Jobs

WASHINGTON, May 24, 2012 /PRNewswire-USNewswire/ – EIN News, a leader in media monitoring services since 1995, provides in-depth news coverage of Hewlett-Packard.

The tech giant has been plagued by declining profits and will have to cut its workforce by 27,000 employees, according to Hewlett-Packard CEO Meg Whitman.

While Hewlett-Packard representatives claim that the latest cuts will enable the company to increase investment in new projects, Deutsche Bank analysts warn that past layoffs “have done little to improve HP’s competitive position.”

 

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