HP, whose sprawling global operations employ more than 250,000, estimated about three years

ago when it first hatched its sweeping overhaul that it would need to shed 27,000 jobs. That
number rose to 34,000 last year.
On Thursday, it estimated another 11,000 to 16,000 more jobs needed to go, scattered across
different countries and business areas. That took the grand total under Whitman's restructuring
to 50,000.
The Silicon Valley company is trying to reduce its reliance on PCs and move toward computing
equipment and networking gear for enterprises, part of Whitman's effort to curtail revenue
declines and return the world's No. 1 PC maker to growth.
But that goal remains elusive. The company posted a disappointing 1 per cent drop in quarterly
revenue, as it struggled to maintain its grip on the shrinking personal computer market and weak
corporate tech spending.
That marked its 11th consecutive quarterly sales decline.
Shares in HP closed down 2.3 per cent at $31.78, after the company inadvertently posted the
results on its website more than half an hour before the closing bell.