Business and Industry

Hewlett-Packard Lays Off More Employees

Another 5,000 shown the door

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Hewlett-Packard Co said it would cut 5,000 more jobs, bringing the total number of layoffs to 34,000, or 11 percent of its workforce.

The company said in a regulatory filing on Monday that it would record a charge of $4.1 billion in 2014, up from its prior estimate of $3.6 billion.

HP is striving to get back to growth through job cuts and focusing on businesses with longer-term potential such as enterprise services.