The following appeared on zdnet.com Jan. 2, 2014. Somehow we missed posting it until now.

Hewlett-Packard plans to cut 34,000 employees from its global workforce by the end of this year, which equates to 5,000 more job losses than expected.

On Tuesday, the PC giant said in a regulatory filing to the U.S. Securities and Exchange Commission (SEC) that a tough business environment makes the additional cuts necessary if the firm is going to remain competitive in the future. As a result, HP will eliminate 34,000 positions by the end of the firm’s fiscal year, which is up from an earlier prediction of 29,000.

Locations which could be affected by the cuts were not disclosed.

The Palo Alto-headquartered firm said:

“Due to continued market and business pressures, as of October 31, 2013, HP expects to eliminate an additional 15 percent of those 29,000 positions or a total of approximately 34,000 positions.”

 

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