HP will cut 27 000 jobs by the end of 2014

GadgetFan - Established company with initial capital of U.S. $ 538 is rumored to be cut 27 000 jobs. This is done in order to restructure the company.
According to CNBC, Hewlett Packard (HP) will be 27 000 job cuts, or about 8 percent of employees at the end of fiscal year 2014. This is a small part of a restructuring plan the company will do.

HP CEO, Meg Whitman revealed that these cuts are downsizing plan that will be done HP for a better future. Whitman also confirmed that plans job cuts will begin now until the next two years the end of fiscal year 2014 to reduce short-term losses.

In addition to cuts and cost savings, HP plans to return to its investment in R & D. It is expected to encourage HP to continue to innovate and differentiate in the software industry. Whitman himself was aware that the job cuts are not the best solution.

Currently HP only focus mengarap PC and printer markets. However, both the product market, the current continues to decline. This is due to the increasing demand for smartphones and tablets around the world.