Hewlett-Packard is once again slashing costs and eliminating positions — this time up to 30,000 employees.
The beleaguered tech giant said Tuesday that it expected to reduce its workforce by 25,000 to 30,000 people, most of them associated with the enterprise side of the business. Those staff cuts and other measures will help HP save about $2.7 billion.
“These restructuring activities will enable a more competitive, sustainable cost structure for the new Hewlett-Packard Enterprise,” Chief Executive Meg Whitman said. “We've done a significant amount of work over the past few years to take costs out and simplify processes, and these final actions will eliminate the need for any future corporate restructuring.