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Hewlett-Packard to axe up to 30,000 jobs in restructuring

Hewlett PackardHewlett-Packard is to cut up to 30,000 jobs as it tackles reduced demand for desktop computers.

The losses will fall in Hewlett Packard Enterprise which will focus on corporate hardware and is splitting from the printer and personal computer business from November.

It announced the spin-off a year ago as customers move from PCs to mobile devices, reducing demand for many of the company’s key products.

HP, which has a technology centre at Erskine and was once the biggest computer company in the world, has told analysts the cuts will save it $2bn annually.

Chairman and chief executive Meg Whitman said the action being taken now will eliminate the need for any future corporate restructuring.

These cuts follow plans to lay off 55,000 employees as part of the restructuring process that started in 2012.

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