More job cuts.

In case there weren’t enough people worried about losing their job, Hewlett-Packard have jumped on the bandwagon too. 

They’re cutting 27,000 jobs by the end of 2014, as a part of their plans to simplify the business and deliver better results for their customers and employees. The cuts, which will affect around 8% of the company’s workers, is said to reduce Hewlett-Packard’s costs by £2.2bn a year.

Though it was announced this week that their profits are higher than expected, the good news was put to one side as their employees were warned of possible job losses.

Hewlett-Packard have said that the £2.2bn they’re saving due to the job cuts will be reinvested back into the company, but that’s no comfort to the 27,000 people losing their jobs.

As it seems that unemployment figures are soon to be higher, the pressure to find a job is getting even stronger. Perhaps a job as a CV-writer is the best way to go...

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