HP reports higher profit but will slash up to 16,000 more jobs
Hewlett-Packard reported increased profits Thursday as its PC business turned in a strong quarter, but the company will slash thousands more jobs to reduce costs.
HP has already cut 34,000 jobs as part of a plan announced two years ago to boost profits. It will now cut an additional 11,000 to 16,000 jobs to make its workforce “more competitive,” it said.
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