HP Cuts 6,400 Jobs
View Mobile Site
Save Email Print
HP Cuts 6,400 Jobs
Hewlett Packard is cutting about two percent of its total workforce.
Font Size:

SAN FRANCISCO (May 19, 2009)--Hewlett-Packard Co. is cutting 6,400 more workers or two percent of the company's total workforce.

The cuts will come over the next year as part of HP's huge acquisition of Electronic Data Systems.

Palo Alto, Calif.-based HP was already dumping 24,600 workers as part of that acquisition before announcing the extra cuts Tuesday.

The announcement came in a conference call with analysts to discuss HP's fiscal second-quarter results.

HP's profit dropped 17 percent to $1.72 billion, while sales fell 3 percent to $27.4 billion, in the latest period.

KWTX Stock Quotes
KWTX Stock Ticker
Real Estate Headlines