The slash could be around 8% of the total workforce
Hewlett-Packard (HP) is planning to eliminate a minimum of 25,000 jobs in a bid to improve financial performance.
Reductions would constitute about 8% of HP’s total workforce of more than 349,600 people worldwide, though the exact number has not yet been finalised, according to Wall Street Journal.
The job cuts could include early-retirement packages, and a formal announcement is expected next week when the company unveils its latest quarterly results.
The news agency cited HP, one of the largest makers of PCs and printers, is struggling to cut costs as demand for personal computers has declined as more people prefer internet on smartphones and tablet computers such as Apple’s iPad.
The trend has reportedly made HP CEO Meg Whitman, who joined in September 2011, consider steps after the company ousted his predecessor, Leo Apotheker, after less than a year in that role.
Analysts estimate a cutback of such scale could result in more than $1bn in savings to the company per year.