HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014

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HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014

Looks like May's Hewlett-Packard layoff numbers were about 2,000 short of reality, as the American hardware company adjusted its previous 27,000 estimate to 29,000 in a recent SEC 10-K filing spotted by ZDNet. Those employees represent approximately eight percent of HP's entire workforce, and the restructuring saves the company $3 to $3.5 billion per year -- money it badly needs following last quarter's losses. HP says that 3,800 employees were affected as of July 31, 2012 -- just over 13 percent of the restructuring total. It's unclear how many more will be affected by year's end, if any.

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