HP may slash 26,000 jobs worldwide

 

Meg to make her mark with Hurd scale cull.

Four years after HP’s post-EDS headcount cull of 25,000 under Mark Hurd, new CEO Meg Whitman is tipped to slash another 26,000 roles. 

The reduction would, like in 2008, amount to around eight percent of the workforce, and this time 10,000 to 15,000 look set to come from its enterprise services group, Bloomberg reported Thursday

Citing sources, Bloomberg reported the actual percentage that could be cut may change and followed Business Insider’s earlier report that between 10 to 15 percent of its 324,600 worldwide headcount may be cut.    

HP in March merged its Imaging and Printing Group (IPG) with its PC division, Personal Systems Group (PSG), following a dip in revenues for each group for the first quarter in 2012.

Its services business, which brought in US$8.6 billion in the quarter, reported one percent growth in the same period.

The two HP groups that did grow significantly were software and financial services, but both brought in less than US$1 billion a piece and remain relatively small compared with PSG and IPG, which together brought in around half the company's revenues.  

HP's last major headcount cull came shortly after its US$13.9 billion acquisition of Texan outsourcing big wig EDS.

At the time HP Australia said it was staying consistent with the global ambition to cut 7.5 per cent. That meant about 450 jobs off an estimated 6000 strong combined local workforce.

Copyright © iTnews.com.au . All rights reserved.


HP may slash 26,000 jobs worldwide
 
 
 
Top Stories
Soft drinks and SoftLayer: A solution for hard times?
Coca-Cola Amatil's CIO Barry Simpson shares his story of cost-cutting, outsourcing and why his software developers to ride around in delivery trucks.
 
Optus considers breaking net neutrality in Australia
May charge Netflix, OTT providers for premium service.
 
AGL restructure sees CIO depart
Owen Coppage to leave after ten years.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Do you support the Government's data retention scheme?

   |   View results
Yes
  11%
 
No
  89%
TOTAL VOTES: 2390

Vote