HP Laying Off Over 27,000

Another day, another round of firings for tech giant Hewlett-Packard. The Silicon Valley-based company said Wednesday that it would layoff some 27,000 employees as it attempts to curb costs and shore up revenue. The total firings number around 8 percent of the compnay’s global workforce. CEO Meg Whitman is attempting to re-shift what was once a cutting-edge company that has recently struggled to keep up with the Facebooks and Googles of the world. The cuts will “further streamline our operations,” Whitman said in a statement, noting the “long term health of the company.” HP reprted better-than-expected quarterly profits and sales, though did not raise its outlook for the immediate future, which remained low.