On the brink of a historic break-up, Hewlett-Packard disclosed on Tuesday that it is planning to slash another 25,000-30,000 jobs to put its new enterprise business on stronger footing as a stand-alone company.
The swingeing cuts come on top of 54,000 jobs that have already gone over the past three years as chief executive Meg Whitman has fought to turn around one of Silicon Valley's iconic companies. Earlier this year she threw in the towel on holding HP together in its current form and instead announced plans to carve it into two.
The latest round of cuts will take place in HP's IT services business as the company takes more jobs off-shore to cut costs, according to Tim Stonesifer, chief financial officer of HP Enterprise, one of two companies that will emerge from the break-up.