HP to sack 24,600 employees in 3 years

September 17, 2008

HP (Hewlett Packard) plans to sack 24,600 people over the next three years from its global workforce as part of its restructuring process. Around 50 per cent of the said numbers reduction will happen in the US, reports said.

“Workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives, as appropriate.

Approximately 7.5 per cent of the combined company’s workforce, or about 24,600 employees, will be affected over the course of the program, with nearly half of the reductions occurring in the United States,” the company said.

Source: CIOL