(Bloomberg) -- Hewlett-Packard Co., the technology company splitting into two separate entities, said it will cut 25,000 to 30,000 more jobs as Chief Executive Officer Meg Whitman tries to refashion the business for a rapidly changing technology market.
The company will incur a charge of about $2.7 billion as part of the restructuring, Hewlett-Packard said Tuesday at a meeting with analysts. The company had previously disclosed $2 billion in probable cost cuts at the services division within Hewlett Packard Enterprise, and has found an additional $700 million in savings across the operation, said Tim Stonesifer, chief financial officer of Hewlett Packard Enterprise.
Register or login for access to this item and much more
All Information Management content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access