Hewlett-Packard, the world’s largest personal-computer
maker, expanded the total job cuts under its reorganization plan announced in
May to 29,000, more than it had originally disclosed, Bloomberg was told.
The cuts, exceeding the 27,000 estimated earlier, will take
place through fiscal year 2014, Hewlett-Packard said today in a regulatory
filing. The company said it will book reorganization expenses of about $3.7
billion during the period.
Hewlett-Packard is grappling with slower demand for
printers, services and data-center equipment. The company said in May that it
will fire workers and make early retirement offers to generate annual savings
of as much as $3.5 billion starting in 2014. Many cuts will take place in the
ailing enterprise services group, which manages data centers and provides
information-technology consulting....
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