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.
HP adds another 2,000 to the chopping block, cutting 29,000 jobs by 2014
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.