HP to cut 7,100 jobs in Europe, with more to come worldwide

Summary:The computing giant plows ahead with its plan to cut more than 29,000 jobs globally as it aims to reinvest into the company, and cut overall costs.

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HP is cutting thousands of positions in Europe, a spokesperson confirmed Thursday, as part of its strategy to save costs and reinvest back into cloud, mobile, big data, and security.

In a statement, the company said it updated its plan earlier this week for its Europe, Middle East, and Africa restructuring plans "to address current markets and business pressures." 

"HP expects approximately 7,095 employees to exit the company or to be re-deployed into new roles that better fit the future needs of the company and its customers," the statement read. "Workforce reduction plans will vary by country, based on local legal requirements and consultation with works councils and employee representatives, as appropriate."

In a 10-Q filing with the U.S. Securities and Exchange Commission in September, the computing giant said the total expected headcount reductions could vary as much as 15 percent from HP's original estimates of 29,000 employees by the end of 2014.

In total, HP expects to see as many as 33,350 employees in total made redundant or redeployed.

The company declined to comment on how many staffers would be redeployed over being made redundant, but said it did not expect the layoffs to breach the 15 percent mark.

A HP spokesperson on the phone to ZDNet said there was "nothing to update" from the Securities Analysts Meeting on October 9, where chief executive Meg Whitman dubbed part of the company's turnaround  on the "New Style of IT."

According to the U.S. government filing, HP has already eliminated approximately 22,700 positions as part of its global reductions plan.

Topics: Hewlett-Packard

About

Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.

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