Updated 25 May, 2013, 10:02 am IST
HP likely to cut down workforce
| by Naina Khedekar |
HP who has about 3,00,000 employees worldwide now plans to cut down their workforce by 8 to 10 percent, according to recent reports. The company is mulling over cutting down a minimum of 25,000 employees, which will include retirements as well. Nothing however has been confirmed, at the moment. Earlier there wasn’t a time frame, but an updated report states that the company could possibly announce the layoffs, when it announces the results of the next quarter. Reportedly, analysts have also been expecting job cuts with Whitman’s plan to merge HP’s personal computer and printer segments.
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25 May, 2013, 10:02 AM
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