Hewlett Packard

2:05pm

Thu May 24, 2012
Business

It’s Still A Mystery: No Word On HP Cuts In Fort Collins

QT1p Flickr - Creative Commons
  • Brian Larson speaking w/ NCBR Tech Reporter Steve Lynn

One day after announcing that it was cutting 8% of its workforce or some 27,000 positions, there’s still no word as to what the impact might be at the Hewlett Packard campus in Fort Collins. In fact, it’s not very well-know just how many people HP employs in Fort Collins. Estimates vary.

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3:08pm

Wed May 23, 2012

2:27pm

Wed May 23, 2012
The Two-Way

HP Will Cut 8 Percent Of Workforce Or 27,000 Jobs

Originally published on Wed May 23, 2012 2:49 pm

As part of what it calls "a multi-year restructuring," Hewlett-Packard announced it was cutting 27,000 jobs or 8 percent of its workforce.

HP said the cuts would happen over an extended period and should be done by the end of 2014.

"The restructuring is expected to generate annualized savings in the range of $3.0 to $3.5 billion exiting fiscal year 2014, of which the majority will be reinvested back into the company," the company said in a statement.

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