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  • Hewlett-Packard to cut up to 30,000 jobs as it plans split

    Hewlett-Packard says it will cut another 25,000-30,000 jobs, or 10% of its workforce, as it plans to split the company in two.

    It follows 55,000 job cuts announced earlier this year.

    The losses will come in Hewlett Packard Enterprise (HPE), which is splitting from the printer and PC business.

    The company says the cuts will save $2.7bn (£1.76bn) in annual costs, although the plan will cost $2.7bn to carry out.

    At a meeting for Wall Street analysts, chairman and chief executive Meg Whitman said: "We've done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring."


    http://www.bbc.com/news/business-34265094More:
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