Friday, July 6, 2012

Bloodbath Watch: Top Firm Increased Layoffs Ten-fold!





Layoffs in the tech industry are 10 times higher so far this year than they were for the same period in 2011—and it's all thanks to the hard cuts CEO Meg Whitman has put in place at Hewlett-Packard.

The computer industry announced a total of 34,380 job cuts in the first half of 2012 compared to 3,178 cuts in the year ago period, according to a report by Challenger, Gray & Christmas.
HP's announced layoffs of 27,000 people account for the majority of that figure. The company only plans to complete a third of the layoffs—9,000 people—by the end of October this year.


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