HP boosts planned job cuts to 55,000 in reorganisation

Hewlett-Packard said today its corporate reorganisation would slash a total of 55,000 jobs, at least 5,000 more than its latest estimate.

The US tech giant, which also announced plans to split in two to achieve a sharper focus, said it had increased its prior estimate of 45,000 to 50,000 job losses "independent of the separation transaction.