RUMOR: HP To Have Significant Layoffs Soon
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
According to sources with BusinessInsider, Hewlett Packard is going to have significant layoffs. The source said that HP will lay off roughly 10-15% of their total work-force. Since HP has about 320,000 employees, the company would be laying off over 32,000. However this would include an early retirement plan. Manufacturing is believed to not be hit as hard as other units.