Hewlett-Packard Company To Trim 30,000 Jobs

HFA Padded
Mani
Published on
Updated on

Hewlett-Packard unveiled its plans to trim another 25,000 to 30,000 workers over three years on Tuesday, as it plans to split the company in two. In its regulatory filing on Wednesday, Hewlett-Packard said up to 30,000 of the layoffs will be in the enterprise business and up to 3,300 in HP Inc. Hewlett-Packard to slash about 10% of its workforce The Palo Alto, Calif., company outlined its plans on Tuesday to trim about 10% of its 300,000-person workforce, which peaked at 350,000 four years ago following its acquisition of Electronic Data Systems. However, the company signaled it was finally nearing…

This content is exclusively for paying members of Hedge Fund Alpha

Log In

Insider Strategies and Letters to Shareholders from the Top Hedge Funds and Maximize Your Portfolio Growth with Hedge Fund Alpha

Don’t have an account?

Subscribe now and get 7 days free!

HFA Padded

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports