HP to Cut 16,000 Jobs as Computer Maker Looks to Reinvent Business

Posted by Techvibes NewsBite

Hewlett-Packard is planning to cut up to 16,000 jobs under the leadership of CEO Meg Whitman as she, not unlike BlackBerry, looks to turn around the company over the next couple of years. Some of the layoffs are expected to affect Canadian employees.

HP—which has 250,000 employees currently—is looking to cut back more in “areas not central to customer-facing and innovation agendas,” Whitman said in an interview with Reuters, rather than areas like research. “That’s not what we’re doing here. You need to look at the R&D spending, which is up.”

Company:
HP
Website:
http://www.hp.com
Location:
Mississauga, Ontario, Canada

The world’s largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. more


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Techvibes NewsBite

Techvibes NewsBite

Techvibes is Canada's leading technology media property.Founded in 2002, Techvibes covers technology and business news that impacts Canadians. We combine breaking local news with international coverage to deliver a unique balance of insight and information.The Techvibes NewsBite feed curates interesting stories from around the web and delivers them to your virtual doorstep in bite-sized doses. more




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