HP (Hewlett Packard) 24,600 Job Cuts in next three year
September 16, 2008
To save $2.00 billion per year, around 25,000 job cuts will be there in HP (Hewlett Packard) in three years. This is nearly 8% of the total work force of nearly 300,000 employees of HP. HP (Hewlett Packard) CEO Mark Hurd told about it in a meeting.
If it happens, it will be the biggest number of job cuts in a major company recently. This action will cirtainly motivate other major companies to increase job cuts.
IT companies stock price may fall in near future, as the above news is not a healthy sign of progress of company.
Indian IT companies also increased the job cuts recently.
This news is based on the information given here
Related Articles
Comments
Leave a Reply
