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Most job cuts already made - Hewlett Packard

New York - US computer giant Hewlett-Packard will slash a total of 34 000 jobs in its huge multi-year restructuring that began last year, a regulatory filing shows.

About 24 600 positions had been eliminated as of 31 October, said HP in a filing with the Securities and Exchange Commission.

The company said in November that the total number of jobs cut would be in a range of 33 000 to 34 000, up from an earlier estimate of 29 000.

The California-based firm, one of the biggest manufacturers of personal computers, is in the midst of a long restructuring process to cope with the shift away from PCs to mobile devices.

Regain footing

The company said the increased job cuts were "due to continued market and business pressures."

The cuts will result in total charges of $4.1bn, said HP.

The company posted a profit of $5.1bn on revenue of $112.3bn in the fiscal year that ended 31 October, compared to a $12.7bn loss the prior year on revenue of $120.4bn.

Under chief executive Meg Whitman, HP has shaken up its executive leadership team as part of efforts to regain its footing on a computing landscape being transformed by the popularity of smartphones and tablets.


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