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AnonTechie [soylentnews.org] writes:

Hewlett-Packard to cut more jobs in reorganization:

US computer giant Hewlett-Packard announced Thursday it was cutting an additional 11,000 to 16,000 jobs as part of its restructuring plan. The new cuts, announced as HP revealed a slump in revenues, come on top of 34,000 post reductions planned under a program begun in 2012. "As HP continues to re-engineer the workforce to be more competitive and meet its objectives, the previously estimated number of eliminated positions will increase by between 11,000 to 16,000," said a statement released with the company's quarterly results. The moves come with HP struggling to keep up with a shift away from traditional personal computers to mobile devices, a segment dominated by the likes of Apple and South Korea's Samsung.

http://www.bbc.com/news/business-27530592 [bbc.com]

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