HP is cutting another 10 per cent of its workforce

It looks as though HP is not done cutting back.

The tech giant has said this week that it would be cutting another 25,000-30,000 jobs, or about 10 per cent of its staff as it nears completion of its split.

Layoffs this time would come from its Hewlett Packard Enterprise (HPE) division.

This is in addition to some 55,000 jobs the company cut earlier this year.

HP, which has over 300,000 employees, is nearing completion of its split on November 1, which is seeing business and government-focused HPE separating from HP Inc.’s consumer-oriented printer and PC businesses.

Back in June, the company had said the split was 80 per cent complete.

Reports say that the company expects $2.7 billion in cost savings, but executing the plan itself will cost the same amount.

“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,” company CEO Meg Whitman said in a statement.

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Jim Love, Chief Content Officer, IT World Canada

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