HP to lay off even more employees than planned

HP is giving even more of its employees some bad news. In a new regualatory filing made today, the world's largest PC maker announced it would now lay off 29,000 team members between now and the early part of 2014.

The filing with the US Securities and Exchange Commission shows that the new numbers are higher than the 27,000 employees HP said it would let go back in May. The company said that it had more voluntary buyout requests from team members than it previously predicted. HP will also raise the expected restructuring costs it plans to absorb from $3.5 billion to $3.7 billion.

The news of even more job cuts comes even as HP is planning to launch a number of new desktops, laptops and tablets for their Windows 8 product launch. In late August, the company revealed two Windows 8 Ultrabooks along with a tablet-notebook hybrid product. HP has even launched its own Windows 8 apps. One of them is for accessing their printer products via Windows 8 and the other is a Windows 8 tutorial that will likely be bundled with all of the company's PCs once Windows 8 is launched October 26th.

Source: US SEC website | Image via HP

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17 Comments

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I'm bound to be one of them, but only because it's going to another contract as such. But they'll still be plenty of legacy work, and I'm in a pretty good situation to stay.

However I'd rather be made redundant, not the best company I've worked for tbh

I'm soon to be an ex HP employee. I've actually volunteered to leave, and trust me, I'm glad to be out. HP ES is a dreadful place to be right now.

vincent said,
Does this mean i wont get India when i call HP support lol

Tech support? You are very tenacious. After several years, I finally gave up and bought hardware from other vendors.

the420kid said,
when you need to fire 29,000 employees, you got major problems.

or it could be 29,000 overlapping positions that aren't needed after mergers and other things, that DOES happen you know

neufuse said,

or it could be 29,000 overlapping positions that aren't needed after mergers and other things, that DOES happen you know


29,000 overlapping positions? I don't think so.

neufuse said,

or it could be 29,000 overlapping positions that aren't needed after mergers and other things, that DOES happen you know

I remember hearing a few weeks ago about the PC market demand being well under previous years (for whatever reason).

I don't think it's this bad but could it be? Just an honest question.