advertisement
advertisement

Hewlett Packard Expected To Reveal Mass Layoffs

News updates all day from your Fast Company editors.

advertisement
advertisement

HP will reveal its latest financial results later today, but as had been previously rumored, it’s now expected to announce sweeping job cuts. Between 25,000 and 35,000 people could find themselves laid off–meaning around 10% of the company’s workforce could be losing their jobs as part of CEO Meg Whitman’s plans to trim the fat off the company which seems to be underperforming. The move is likely to be driven by an expected slip in HP’s financial performance, with a predicted fall in revenue of around 5% versus last year’s figures. 

advertisement

Our main Fast Feed page is your source for news like this during the day.

 

advertisement

About the author

I'm covering the science/tech/generally-exciting-and-innovative beat for Fast Company. Follow me on Twitter, or Google+ and you'll hear tons of interesting stuff, I promise. I've also got a PhD, and worked in such roles as professional scientist and theater technician...thankfully avoiding jobs like bodyguard and chicken shed-cleaner (bonus points if you get that reference!)

More