HP Boosts Job Cut Forecasts As It Executes Turnaround Plan

HP announced more bad news for employees who are already facing massive job cuts: it plans to slash even more positions than expected. That number was a projected 27,000 lost jobs by 2014. Now, reports suggest that the company is eyeballing an additional 2,000 cuts, or 29,000 total slashed jobs by the end of that same forecast period.

Amid the restructuring, HP is preparing for Windows 8 and has already announced some interesting new systems with multi-touch screens to take advantage of Windows 8's touch capabilities. This is the upcoming HP ENVY TouchSmart Ultrabook 4.

Although HP isn’t giving much explanation for the additional cuts, it doesn’t really need to: the company’s troubles with both management and sales have been well publicized in recent years. The need to make painful cuts is disheartening, but understandable as CEO Meg Whitman restructures the company and prepares for a market that doesn’t value the desktop PC the way that it once did. Sizeable though the cuts are, they aren’t the biggest in history, and major companies have survived such cuts.
Tags:  HP, job cuts, meg whitman
Joshua Gulick

Joshua Gulick

Josh cut his teeth (and hands) on his first PC upgrade in 2000 and was instantly hooked on all things tech. He took a degree in English and tech writing with him to Computer Power User Magazine and spent years reviewing high-end workstations and gaming systems, processors, motherboards, memory and video cards. His enthusiasm for PC hardware also made him a natural fit for covering the burgeoning modding community, and he wrote CPU’s “Mad Reader Mod” cover stories from the series’ inception until becoming the publication editor for Smart Computing Magazine.  A few years ago, he returned to his first love, reviewing smoking-hot PCs and components, for HotHardware. When he’s not agonizing over benchmark scores, Josh is either running (very slowly) or spending time with family.