Hewlett Packard is set to slash 30,000 jobs between declining demand for PC’s. HP’s demand for personal computers has suffered because more and more people are favoring use of internet on tablets and smartphones. With users departing from traditional use of computers as the sole mean to use internet, companies such as HP continue to suffer.
The company’s move to slash jobs comes in an effort to reduce expenditures. The job cuts that will be made by Hewlett Packard, as cited by All Things D and Bloomberg News will reduce the workforce of the company by 9 percent, based upon 349,600 workers that are employed by the company as of last year, October. However, decomposition on the company’s website suggests that the company has 324,600 workers however, Michael Thacker, a spokesperson of the company said that the details are incorrect. He said that the October figure that is present on HP’s yearly report is the most accurate figure of the company’s total headcount.
Both, All Things D and Bloomberg News reported different job cuts. According to Bloomberg News, HP is poised to cut 25,000 jobs while All Things D, a technology blog, which is also associated with The Wall Street Journal, estimated that HP will slash 30,000 jobs. Both reports however cited anonymous sources who are known to HP’s plans. The spokesperson of HP, Michael Thacker didn’t pass any comment about the reports by both, Bloomberg News and All Things D.
HP will make the official announcement of the job cuts by Wednesday next week, when the quarterly earnings will be reported by the company. The results are expected to show that HP continues to struggle due to a technology shift in recent years, with people relying on tablets and smartphones to use the internet. Analysts are predicting that HP’s revenue for the exiting financial year ending in October will drop from $127 billion in the past year to $122 billion.