Cuts 25-30,000 jobs

The company announces plans to cut another 25,000 to 30,000 jobs, in line with the company’s objective to split into two separate companies. One company will focus on hyper-growth businesses like cloud technology and cyber security, while the other will sell slower-growth products such as PCs and printers. Since being hired to run the company, CEO Whitman has cut about 55,000 jobs. prior to this latest announcement. Whitman:

[The latest job cuts will] enable a more competitive, sustainable cost structure. These final actions will eliminate the need for any future corporate restructuring.