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HP reports higher profit but cuts up to 16,000 more jobs

2014-05-23 13:02:12| InfoWorld: Top News

Hewlett-Packard reported increased profits Thursday as its PC business turned in a strong quarter, but the company will slash thousands more jobs to reduce costs. HP has already cut 34,000 jobs as part of a plan to boost profits announced two years ago. It will now cut an additional 11,000 to 16,000 jobs to make its workforce "more competitive," it said.

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