Hewlett-Packard To Lay Off 27000 Employees; 2Q Profit Down 31%

In a bid to reduce costs and help the company contend with declining demand for computers and services, Hewlett-Packard Co (NYSE : HPQ) is planning to cut up to 25000 jobs, or 8 percent of its workforce.Hewlett-Packard Co. (HPQ) unveiled plans to lay off 27000 employees as the technology giant also reported its fiscal second-quarter earnings slumped 31% amid relatively

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