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Layoffs At HP Expected

July 15, 2005

Next week should bring plenty of pain at HP.

Layoffs well above the 10,000 mark are expected at Hewlett-Packard Co. as part of a restructuring that could come as early as Monday or Tuesday. In fact, reports place the layoff total between 15,000 and 25,000, with a published estimate placing the annual savings at $1.5 billion.

In what was described as a “good first step” by the head of HP’s printing operation, the Palo Alto, Calif., company provided a voluntary severance package offering in May that drew approximately 2,000 workers from the firm’s imaging and printing sector.

By Glenn J. Kalinoski, Executive Editor

Customer Interaction Solutions

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