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