Hewlett-Packard (HP) / To cut 7,100 jobs in Europe

HP is cutting thousands of positions in Europe, a spokesperson confirmed Thursday, as part of its strategy to save costs and reinvest back into cloud, mobile, big data, and security.

In a statement, the company said it updated its plan earlier this week for its Europe, Middle East, and Africa restructuring plans “to address current markets and business pressures.”

“HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers,” the statement read. “Workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives, as appropriate.”

In a 10-Q filing with the U.S. Securities and Exchange Commission in September, the computing giant said the total expected headcount reductions could vary as much as 15 percent from HP’s original estimates of 29,000 employees by the end of 2014.

In total, HP expects to see as many as 33,350 employees in total made redundant or redeployed.

The company declined to comment on how many staffers would be redeployed over being made redundant, but said it did not expect the layoffs to breach the 15 percent mark.

Chosen excerpts by Job Market Monitor. Read the whole story at 

via HP to cut 7,100 jobs in Europe, with more to come worldwide | ZDNet.