Hewlett-Packard Plans To Slash Up To 33,000 More Jobs

Hewlett-Packard has been cutting jobs to various degrees for a while now, and latest among its efforts is a projected slashing of up to 33,000 workers. This comes as the company, facing the same shift in consumer habits as the rest of the PC market, splits itself into two: Hewlett Packard Enterprise, which focuses on enterprise customers, and HP, Inc., which focuses on the consumer level.

HP, despite launching several nimble and inexpensive laptops, has suffered financially as consumers gravitate toward smartphones and, to a lesser degree, tablets instead of traditional computers. HP is not the only company feeling this pain, and the situation isn't likely to change any time soon.

According to Bloomberg, HP's worker numbers have been shrinking for three years, and around this time last year had about 302,000 employees versus the 350,000 or so it had in 2011. The employees cuts this time around will fall far more heavily on the enterprise side of the business.

This restructuring effort will cost Hewlett Packard about $2.7 billion, with 25,000 to 30,000 workers on the chopping block being on the Hewlett-Packard Enterprise side of things. Another 3,300 or so workers are facing layoffs on the HP Inc. side of the business.

SOURCE: Bloomberg