Hewlett-Packard and cosmetic firm Revlon have reportedly announced end of year job cuts of thousands of workers.
HP said that it would cut 5,000 more jobs than planned as the company struggles amidst declining global computer sales.
According to the BBC, HP is expected to cut 34,000 positions, or 11 percent of its workforce, by the end of 2014.
Meanwhile, Revlon has announced that announced its plans to leave China and cut 1,100 jobs.
The cosmetic company said that the job cuts would save the firm around 11 million dollars a year amid declining global sales.
