Hewlett-Packard set for 30,000 more job cuts

The global information technology company Hewlett-Packard is planning to cut up to 30,000 jobs.

These latest job cuts are due to plans that will see the tech company split into two separate businesses, which will occur in November.

Hewlett-Packard, headquartered in Palo Alto, Calif., has stated that between 25,000-30,000 jobs will be cut at Hewlett Packard Enterprise, which is separating from the company’s personal computer and printer business.

According to the company, these latest staff reductions are part of a plan to cut $2.7bn (£1.76bn) in annual costs, which is a direct result of struggling with the market shift away from desktop computers to mobile devices.

Meg Whitman, the chief executive who will lead HP Enterprise, said during a meeting on Tuesday with financial analysts: “HP Enterprise will be smaller and more focused than HP is today, and we will have a broad and deep portfolio of businesses that will help enterprises transition to the new style of business.

“As a separate company, we are better positioned than ever to meet the evolving needs of our customers around the world.”

She added: “We’ve done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring.”

The confirmation of these job cuts are in addition to a further 55,000 employee losses that the company previously announced as part of the restructuring process.

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