Mashable!: HP Job Cuts to Reach 29,000 in Reorganization

Mashable! Founded in July 2005, Mashable is the world's largest blog focused exclusively on Web 2.0 and Social Media news. Mashable is the most prolific blog reviewing new Web sites and services, publishing breaking news on what's new on the web and offering social media resources and guides.

HP Job Cuts to Reach 29,000 in Reorganization Sep 10th 2012, 14:02 Hewlett-Packard on Monday announced it would cut 29,000 jobs from its work force -- 2,000 more than it had announced in May. The disclosure, in a regulatory filing, states that the cuts will occur through fiscal year 2014, with a portion of those employees taking voluntary early retirement packages. The additional 2,000 cuts come after HP announced back in May that it planned to eliminate the jobs -- roughly 8% of its workforce -- to become a leaner and more profitable company. The company will book $3.7 billion in reorganization costs during the period. SEE ALSO: Sorry, Windows 8 Is Not Going to Save the PC Industry Since the last announcement, HP reported an $8.9 billion loss in… Continue reading... More About: HP, Kodak

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