Business

HP sees job losses

HP sees job losses

By Agence France Presse

SAN FRANCISCO: Hewlett-Packard (HP) said on Tuesday an upcoming corporate split would lead to job losses of 25,000 to 30,000, on top of tens of thousands of cuts in recent months. HP, a major player in the industry, has been undergoing a massive reorganisation to cope with the move away from traditional personal computers to mobile devices. The move by HP, the world’s second-largest PC maker and one of the biggest US tech firms, is the latest in the sector based on the belief that tightly focused firms perform better.