HP Warns Of British Cuts As 27,000 Jobs To Go

[TrafficProducer]

HP Warns Of British Cuts As 27,000 Jobs To Go

Hewlett Packard (NYSE: HPQ - news) has warned of cuts in its UK operation in a global purge that will see it axe 27,000 workers.

The US technology company plans to make the cuts, which amount to 8% of its global workforce of almost 350,000 people, as it struggles for sales in a marketplace increasingly dominated by smartphones and tablet computers.

Yahoo news Page:-
http://uk.finance.yahoo.com/news/hp-...051214683.html

HP, which has its headquarters in Palo Alto, near San Francisco, California, said the job cuts, along with other measures, should save it £2.2bn which it would invest in growth areas like "cloud" storage technology.

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HP’s Enyo Team Lured Away by Google - Reports claim that members of HP’s Enyo webOS Enyo team is fleeing the company and joining Google, just months after making the apps framework open-source...

http://www.pingzine.com/hps-enyo-tea...32s-enyo-team/

[Technica123]

I will say this is nothing but start of recessions.