HP lays off more staff

HP has said that it will cut around 1124 jobs in the UK in the first three months of this year in a bid to “address current market and business pressures in support of HP’s turnaround in Europe, the Middle East and Africa.” The bulk of the losses will come from the Bracknell offices, but will also affect people working from HP’s Warrington and Sheffield offices.
Last year HP laid off some 29000 employees worldwide and, according to its own annual report released at the end of last year, the company is planning to cut a further 5000 jobs this year. That will mean 34,000 jobs going in total, around 11 percent of the workforce by the end of this year.
Much of HP’s problems are due to a slump in the market for PCs, which has been a major part of HP’s offering. It has failed to gain much traction in the growing market for mobile computing since pulling the plug on its TouchPad. Instead it is concentrating on services, including cloud storage, as well as servers and enterprise computers, where it has seen some growth in the last quarter.

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