Hewlett-Packard is planning on making some big changes to its personnel. According to the New York Times, HP’s CEO Meg Whitman announced the company will be cutting 30,000 or more jobs next week. The move is in an effort to save money and spend it on increasing the efficiency of the company’s sales force. HP will also use the left over cash to start creating new products.The job cuts will happen globally across the company. Most likely, the job cuts will not cause HP to abandon any of its businesses. Ms. Whitman’s plan is another addition to the initiatives she has started since taking over the company after Leo Apohteker. Already she has raised the company’s stock dividend and announced a corporate reorganization intended to consolidate operational efficiency.It still remains to be seen whether these job cuts are the thing to get HP back on track.
