HP: 16,000 More Jobs On The Chopping Block.
 

Miss your revenue target this quarter? No biggy, just just cut another 16,000 jobs. In May 2012, HP adopted a multi-year restructuring plan designed to simplify business processes, accelerate innovation, lower costs and deliver better results. HP previously estimated that 34,000 positions would be eliminated in connection with the plan. As HP continues to reengineer 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.

http://www.hardocp.com/news/2014/05/...hopping_block/