Hewlett Packard to axe 30,000 more jobs as severe cost-cutting continues

Hewlett-Packard is preparing to shed up to another 30,000 jobs as the Silicon Valley pioneer launches into a new era in the same cost-cutting mode that has marred much of its recent history. The cuts announced on Tuesday will occur within the newly formed Hewlett Packard Enterprise, a bundle of technology divisions focused on software, consulting and data analysis that is splitting off from the company’s personal computer and printing operations. The spin-off is scheduled to be completed by the end of next month.

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

Chief executive Meg Whitman

The cuts expand upon austerity measures that HP has been pursuing for years to offset the damage caused by acquisitions that failed to work out and a technological shift from PCs to mobile devices that reduced demand for many of the company’s key products. HP has already jettisoned 55,000 jobs during past few years under Chief Executive Meg Whitman, who will become the leader of HP Enterprise.

Business Hewlett