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Hewlett-Packard+to+cut+up+to+16%2C000+more+jobs
Friday, 23 May 2014 - 13:23
Hewlett-Packard to cut up to 16,000 more jobs
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Technology giant Hewlett-Packard announced an 18% rise in profits to 1.3 billion dollar for the second quarter in statement that was accidently released before US stock markets closed.

But the firm said that despite rising profits, it plans to lay off an additional 11,000 to 16,000 workers.

HP had previously announced it would cut 34,000 jobs as part of a restructuring announced in 2012.
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