Hewlett-Packard is one of the world’s largest companies, and as such, they are not immune to mistakes.  Given their current revolving door at CEO, it’s no wonder the company has been making some bad decisions.  Paying too much money for Palm, killing the TouchPad, and generally just making mistakes left and right due to not having a strong direction.  Now, latest CEO Meg Whitman knows how to turn the company’s fortunes around:  fire everyone.  HP will be cutting 8 percent of its work force by firing 27,000 people over the next two years.  That’s a staggering 27,000 jobs; the move will save HP $3.5 billion dollars in employment costs.

“Work force reductions are never easy,” said HP CEO Meg Whitman on Wednesday.  “They adversely impact people’s lives, but in this case, they are absolutely critical to the long-term health of the company.  Our goal is simple: a better outcome for the customers at reduced cost for HP.”

The job cut will be the largest cut in HP’s 73-year history.  Rather than making a big layoff, HP hopes to reduce most of the positions with voluntary retirement, early retirement, and other austerity measures that don’t end in severance payments and pink slips.  The company is also merging its PC and printer businesses in an attempt to reduce redundant management positions.  HP is a multi-billion-dollar company.

Tags: HP, HP to cut 27000 jobs over two years, HP to cut 27000 jobs, largest workforce purge in HP’s 73-year history, massive firings, HP to cut 27000 workers, job losses, jobs, technology company, Hewlett-Packard, HP to cut 8 percent of its work force by October 2014

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