HP to cut 27,000 jobs [View all]

[marmar]

SAN FRANCISCO—Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.

The cuts announced Wednesday represent the HP’s largest payroll purge in its 73-year history.

The reductions will affect about eight per cent of Hewlett-Packard Co.’s nearly 350,000 employees by the time the overhaul is completed in October 2014.

HP hopes to avoid as many layoffs by offering early retirement packages. ................(more)

The complete piece is at: http://www.thestar.com/business/article/1183112--hewlett-packard-to-cut-27-000-workers?bn=1