HP Announces 30,000 Jobs on the Chopping Block
SAN FRANCISCO, Ca (AP/Idaho Statesman) -- Hewlett-Packard says its upcoming spinoff of its technology divisions focused on software, consulting and data analysis will eliminate up to 30,000 jobs. The cuts announced Tuesday will be within the newly formed Hewlett Packard Enterprise, which is splitting from the Palo Alto, California, company's personal computer and printing operation. The split is scheduled to be completed by the end of next month.
The company declined to tell the Idaho Statesman how, or whether, the cuts would affect HP's Boise campus. HP is one of the Treasure Valley's largest employers, with a campus at 11311 Chinden Boulevard in Boise. CEO Meg Whitman said last October that HP employs nearly 4,000 people in Boise.
HP says both new companies will employ workers in Boise. HP Enterprise is trimming its payroll as part of an effort to reduce its expenses by $2 billion annually. Even before the spinoff, HP has been jettisoning tens of thousands of employees during the past few years to help boost its declining profits as a technological shift from personal computers to smartphones and reduced demand for many of its products.