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HP to Lay Off Additional 30,000 Employees

Hewlett Packard will cut an additional 25,000 to 30,000 jobs after their official split in Hewlett Packard Enterprise and HP Inc. on November 1st.

This was announced during the 2015 Securities Analysts Meeting in San Jose, California last Tuesday.

“These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett Packard Enterprise,” explained CEO Meg Whitman. “We’ve done a significant amount of work over the past few years to take costs out and simplify processes and these final actions will eliminate the need for any future corporate restructuring.”

Tim Stonesifer, future CFO of Hewlett Packard Enterprise, presented a plan to deliver $ 2.7 billion in ongoing annual cost reductions.

With their first 3D printer to hit the market in 2016, HP also prepares with a dedicated business unit and recently appointed Stephen Negro as head of the new 3D printing division under HP Inc.

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