HP to announce restructuring Tuesday (News.com)
[Posted July 19, 2005 by ris]
News.com
reports
that HP has announced restructuring and job cuts. "
[CEO Mark] Hurd
is expected to announce sweeping cuts to HP's workforce as part of a plan
to bring the company's costs more in line with its competitors. About
15,000 employees could lose their jobs, with HP's IT, sales and service
divisions among the areas particularly hard hit, according to a source
close to the company."
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