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Hewlett-Packard to slash 27,000 UK jobs [Independent Television News Limited (UK)](Independent Television News Limited (UK) Via Acquire Media NewsEdge) Computer giant Hewlett-Packard is to shed 27,000 UK jobs. The US technology company wants to slash eight per cent of its global workforce of 350,000 workers. HP has struggled in recent years to keep up with a market increasingly dominated by smartphones and tablet computers. HP, which has its headquarters in Palo Alto, near San Francisco, California, said the job cuts, along with other measures, should save it £2.2 billion which it would invest in growth areas like "cloud" storage technology. The firm's chief executive Meg Whitman, also a former CEO of eBay, said the cuts were needed to ensure HP's long-term health. "While some of these actions are difficult because they involve the loss of jobs, they are necessary to improve execution and to fund the long term health of the company," she said. "We are setting HP on a path to extend our global leadership and deliver the greatest value to customers and shareholders." (c) 2012 Independent Television News Limited . All rights reserved. Provided by Syndigate.info an Albawaba.com company |