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.