HP to Cut 24,600 Jobs, But Will Create Another 12,000

HP Logo

HP will lay off 24,600 employees over the next three years. But the computer giant plans to hire about 12,000 new employees over the same period to fill expansion needs.

Thus, HP will be taking two steps forward and one step backward in its cost-cutting measure via job layoffs. The workforce reduction will save them about $1.8 billion. It is also being undertaken to accommodate tech outsourcing behemoth Electronic Data Systems, which HP bought late last month.

“We will deliver on the promise of HP and EDS for our customers and shareholders,” said HP CEO Mark Hurd.

[Via: CNN]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

VINTAGE KODAK XL33 MOVIE Camera OUTFIT *untested* Antique Collectible picture
VINTAGE KODAK XL33 MOVIE Camera OUTFIT *untested* Antique Collectible
Vintage Polaroid JOYCam (Blue), Instant Film Camera  picture
Vintage Polaroid JOYCam (Blue), Instant Film Camera
Vintage Russian USSR Retro Metal Photo Camera Lens Extender In Bakelite Box picture
Vintage Russian USSR Retro Metal Photo Camera Lens Extender In Bakelite Box
Vintage Polaroid Sun 600 LMS Light Management Instant Film Camera picture
Vintage Polaroid Sun 600 LMS Light Management Instant Film Camera
Vintage Ensign Carbine TROPICAL MODEL w/Groundglass/Plateholder Back & Case picture
Vintage Ensign Carbine TROPICAL MODEL w/Groundglass/Plateholder Back & Case