HP to cut about 30,000 jobs as break-up looms

San Francisco

HEWLETT-Packard Co (HP), the technology company splitting into two separate entities, said it will cut as many as 33,300 more jobs as chief executive officer Meg Whitman tries to refashion the business for a rapidly changing technology market.

The two companies that will emerge in November, Hewlett Packard Enterprise to supply businesses with high-end technology, and HP Inc which will sell personal computers (PCs) and printers, are designed to be more nimble and specialised. HP had 302,000 workers at the end of October 2014, down from a peak of about 350,000 in 2011.