A Closer Look

HP – 9,000 jobs trimmed in U.S.

Hewlett-Packard plans to trim its workforce by about 9,000 in the U.S. as part of its long-term plan to reduce 27,000 jobs worldwide by fiscal 2014, a source familiar with the company’s plans said.

HP in May said it was cutting about 8% of its workforce through a combination of layoffs and retirement offers in an effort to save $3 billion to $3.5 billion through fiscal year 2014. At the time, HP said that employee reductions would vary by country.

HP also plans to reduce 8,000 jobs in the European Union, which is in line with the company’s legal obligations to inform and consult with the European Works Council (EWC), a body in the European Union that represents the workers of multinational companies.

HP declined to comment on the layoff plans. A further breakdown on where employee headcounts would be reduced was not available.

The layoffs began last year starting on Oct. 31, when the company’s employee count was at around 350,000. HP’s reduction in employee count is intended to preserve the long-term health of the company, CEO Meg Whitman said at the time of the announcement in May.

HP’s employee count in 2007 was 172,000, but jumped sharply after the company acquired services company EDS in 2008. Since then, the company’s employee count has been above 300,000 every year…

via HP to trim 9,000 jobs in U.S. as part of cost-cutting plan – Computerworld.

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