Thursday, May 7, 2009

HP job cuts

The Job market seems to be turning gloomy not only in the banking sector but also in the technology sector, with global IT giant Hewlett-Packard planning to slash close to 25,000 jobs across the world. Nearly half of the job reductions will take place in the United States. But Hewlett-Packard's decision to eliminate nearly 25,000 of its 320,000 jobs worldwide is expected to have significant impact on its Indian operations too. Analysts in India believe that in the short term, the company could lay off some 1,000 people, and that in a three-year period this could go up to 6,000 of its nearly 60,000 people in the country.

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