This is a rather tense time to work for Hewlett-Packard Co. In addition to the split they are making later this year into two listed companies, they expect to cut another 25,000 to 30,000 jobs in their enterprise business due to falling demands. These cuts come on top of other layoffs of 55,000 workers that was previously announced with Chief Executive Officer Meg Whitman.
The most recent job cuts bring the total cuts for the company to at least 10%, based on the recent numbers that showed they have 300,000 employees as of October 31, 2014. The company did not provide any specifics about the cuts but indicated that they would be global.
The goal of the job cuts is to save $2.7 billion a year.