FYI

Hewlett Packard Announces More Layoffs

Hewlett-Packard has announced 5,000 more layoffs — this brings the total of job cuts to 34,000.

In its annual report, filed Monday, HP said, ‘Due to continued market and business pressures, as of October 31, 2013, HP expects to eliminate an additional 15% of those 29,000 positions.’

It’s unclear which company divisions will be affected, or which cities.

The layoffs are expected to end by October 2014.

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