Business 30,000 Soon To Be Jobless As Hewlett-Packard Plans Massive Sack


Temitope Akinola
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Hewlett-Packard, manufacturers of computer electronics has revealed its plans to cut between 25,000 and 30,000 jobs.

This is part of the restructuring plans of the company to split the company into two units which is expected to take place in November.

The affected workers would be from Hewlett Packard Enterprise, which is splitting from the firmd's printer and personal computer business.

According to HP, the job cuts will save the company $2.7bn ((£1.76bn) in annual costs, but it will take a $2.7bn charge to execute the plan.

"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," said HP chairman and chief executive Meg Whitman at a meeting for Wall Street Analysis.