Power Supply Industry News
Knowledge is Power ™
Power Supply Design Tools
HP throws an extra 2,000 staff onto chopping block
" ... 29,000 bods at risk of redundancy, morale problematic
HP has added an extra two thousand workers to its mass redundancy programme, it confirmed today.
Back in May the troubled US tech titan threatened to axe 27,000 jobs by the end of fiscal 2014 to cut overheads and use some of the savings to invest in R&D. However, in a 10Q form filed today with US financial watchdog SEC, HP revealed an upwards shift in the potential body count.
"The restructuring plan includes both a voluntary early retirement program for eligible US employees and non-voluntary workforce reductions and is expected to result in 29,000 employees exiting the company by the end of that period," Hewlett-Packard declared in its paperwork. ... "
Online since 2002.
SMPS Power Supplies
™. All rights reserved.