HP set to wield jobs axe

Reports claim vendor is cutting up to 30,000 jobs

HP is rumoured to be axing between 25,000 and 30,000 jobs, according to various reports.

The firm, which employs more than 324,000 is expected to announce the job cuts, which equates to eight per cent of its workforce, when it updates shareholders on its financial performance next week.

These latest rumours pile on the pressure for the vendor, which has seen three chief executives in the past two years, spent a lot of money on buying Autonomy, canned its Touchpad tablet, and suffered from the will-they-won't-they saga of its PSG division.

Current chief Meg Whitman took over the firm last year and has already implemented many changes, including keeping HP's PSG division and more recently merging the division with its IPG printing group.

Earlier this year, Whitman reconfirmed HP's commitment to the channel at the vendor's global partner shindig in Las Vegas.