Legal Technology News

Hewlett-Packard to Cut An Additional 11,000-16,000 Jobs
Download PDF

It was announced late Thursday that Hewlett-Packard will cut an added 11,000 to 16,000 jobs around the world after originally announcing 34,000 cuts, according to CNN Money.

The news of the additional cuts comes on the heels of the company’s financial results for the second quarter. HP shares increased by five-percent on Friday after dropping in trading after hours on Thursday night.


HP announced that the new layoffs will come from all of its business groups and multiple geographic locations. The layoffs will help HP generate $1 billion in annual savings on top of the $3.5 to $4 billion in savings projected from the initial cuts announced.

“No company likes to decrease the work force, and we recognize that this is difficult for employees,” CEO Meg Whitman said. “I think everyone understands the turnaround we’re in.”

The initial layoffs were announced back in 2012 in an effort for HP to streamline its services and PC sectors. HP has been battling with the shift from the personal computer to the mobile device by consumers. The company has also been trying to combat a drop in its printing business.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!

As of late in 2013, HP had some 317,500 employees across the globe. Executives from the company said late Thursday that they did not expect any further round of cuts.

Whitman became the company’s CEO in 2011 and was thrust into a company that needed to be restructured.

Looking for computer engineering jobs? Browse here



Most Popular

Legal Career Resources

May 24, 2016 10 Mistakes Attorneys Make That Kill Their Careers

Summary: Attorneys looking to work and stay working at big law firms need to avoid making these 10 mistakes. Read 10 Biggest Career Mistakes Big Law Firm Attorneys Make (and 10 Ways to Survive in a Big Firm) to learn […]

read more
To Top