Hewlett-Packard to cut 27,000 jobs by the end of 2014
Posted: 24 May 2012, 03:39
The company said the cuts - about 8% of its workforce - will reduce costs by up to $ 3.5bn (£2.2bn) a year. HP said in a statement that the money would be reinvested into the company.
http://www.bbc.co.uk/news/business-18184930